Uber loses more than $1 billion in third quarter
ABC News 10 -

Uber is still reporting steep losses but its revenue growth is showing some promise.

On Monday, the ride-hailing company reported it lost $1.16 billion during the third quarter including $401 million in stock-based compensation expenses related to its public offering in May. During the same period last year, Uber lost $986 million. In the second quarter, it reported a staggering loss of $5.2 billion, about $3.9 billion of which was related to IPO expenses.

The company's stock fell about 4% in...

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