Cash Rich Uber Reds $200 Million a Month in 1H 2016
Losses are nothing coz Cash is King. Since it’s inception 7 years ago Uber has burnt $4 billion in losses which is not alarming to its investors as Uber is valued at $69 billion, $8 billion cash in the bank and $3.2 billion credit facilities. On Friday, Gautam Gupta, head of finance told investors that Uber’s losses mounted in the second
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