Thursday, August 25, 2016

Übers shock statement: lost 11 billion – Dagens Industri

Taxiappen Uber said to have had losses of 11 billion in the first half. The news agency Bloomberg.

Earlier this year boasted Uber with that achieved profitability in the United States. Now forced the taxi app to inform its shareholders of dollars losses in the billions.

Uber is not a listed company. But you can still print with secret quarterly and keeps closed teleconferences with its dozens of partner. On Friday it was time again and übers CFO Gautam Gupta was forced to release a proper STINK BOMB.

übers namely losses amounted to nearly 11 billion kronor (1.27 billion dollars) in the first half. Even in the US, where Uber then turned black during the first quarter, the company went back, according to news agency Bloomberg.

Bloomberg report that Uber had a loss of $ 4.4 billion in the first quarter and 6, 3 billion during the second quarter. In the US alone, the loss amounted to about 850 million in the April-June period.

Uber has declined to comment on the data.

For the taxi company’s defense can be said that Uber dominate most markets in which it operates and continues to grow very rapidly. Between the first and second quarter of this year increased net income by 18 percent to approximately 9.2 billion.

Furthermore, the second quarter in the future appear übers worst. In July, they wrote a contract with its largest global competitor, Chinese Didi Chuxing, a deal that at a stroke stop losses in China. In only two years succeeded Uber lose about 17 billion in China, according to Bloomberg sources.

The agreement in question was to Uber puts down its operations in China, in exchange for a stake of 17.5 in Didi and an investment of 8.5 billion.

Since its inception Uber taken into unbelievable 135 billion in venture capital and loans from the actors Benchmark Capital and Goldman Sachs. The latest valuation of the company amounted to 580 billion.

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