Uber is the cause of loss but finding a profit is a long way to target India and the Middle East.

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Uber is a very big company.Uber services is a very good and it is a unique concept.This service is a really helpful.This company face many up-down.Uber Technologies Inc. said Wednesday that it had a year earlier reduced its quarterly loss, the company that ride may still have a long way to prove that it is beneficial because it would be 201 9 public is ready.In this post we are give you some usefull information about uber.we hope you will like this post.

Uber is the cause of loss 

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Under the leadership of Dara Khosorhi, who became Chief Executive in September, Uber invested in new markets, while retreating from others where it was losing millions of dollars. It is making services like food delivery and freight because it is out of its secret business, there is a possibility of new revenue, and potentially the path of profitability.

The net loss of Uber was $ 891 million in the second quarter ended June 30, $ 1.1 billion a year ago. Its adjusted loss before interest, tax, depreciation and amortization was $ 614 million, which was $ 773 million a year ago.

In the second quarter of the previous period, net revenue increased sharply as compared to gross bookings, as the company came back on the promotion of subsidy subsidy. But this year, New York City has to face the risk of this year's decision to get license from the year's riding services. Uber also has to struggle with a corporate scandal and there is a long and costly legal battle, including federal investigation to classify and solve drivers as independent contractors.

Professor Brent Goldfarb, a professor of management and entrepreneurship at the University of Maryland, said, "I am unrestricted." At the beginning of this year, the company's most recent valuation was $ 72 billion. But it was based on the emergence of global winners in rowing and logistics, a sight that has kept it, and public investors can see low-cost small companies.

University of Michigan Professor David Brauri said that if Uber does not show any progress towards becoming profitable then Uber can hope to have haircut in the IPO. The company's quarterly gross bookings were $ 12 billion, including rides and octroi bricks, which was 6 percent in the last quarter and about 40 percent from a year earlier. Revenue, which is paid for promotions and refunds with drivers, was 2.8 billion dollars, 8 percent in the first quarter and more than 60 percent from the previous year.

India sticking with the Middle East:

Uber is a private company and there is no need to financially disclose financially, but transparency has been given to release recently selected data as it is an initial public offering. With the criticism of flooding in cars cities, Uber is spending rent on bike and scooter including electric junk electric electric bikers in April.

While Uber has withdrawn from China, Southeast Asia and Russia, it says that it is sticking to tough markets with strong local competitors with India and the Middle East.

Khosrohahi said, "We are expanding our leadership position in India and the Middle East". "

Many retired investors have told Reuters that they want Uber to leave these expensive markets and focus on North America, where the US-based elevator is threatening, and to pull back subsidiary businesses such as Uber Freight. By the end of the first trimester, recovering up to a billion dollars is $ 7.3 billion in cash. The company has listed the flow of $ 1.5 billion by issuing a term loan, the cost is pure.