1. Uber burned through Ksh. 520B last quarter, its biggest quarterly loss...  Citizen TV
  2. How the hell did Uber just lose $5 billion in three months?  Wired.co.uk
  3. Uber and Lyft: Unprofitable Powerhouses  Beth.Technology
  4. More ride-hailing requirements become law in the state  WITN
  5. Weekend Roundup: Uber, Lyft and rising prices | Trade war becomes a currency war | Making money on China  MarketWatch
  6. View full coverage on Google News
Even by Uber's standards, the company burned through a staggering amount of money in its most recent quarter.Even by Uber's standards, the company burned through a staggering amount of money in its most recent quarter.

Uber burned through Ksh. 520B last quarter, its biggest quarterly loss ever - Citizentv.co.ke

Uber just posted the biggest loss in its history. It has turned into "the magical money burning machine," says one analyst – and to turn things around, it needs to expand into industries where customers are more loyalUber just posted the biggest loss in its history. It has turned into "the magical money burning machine," says one analyst – and to turn things around, it needs to expand into industries where customers are more loyal

How the hell did Uber lose $5bn in just three months? | WIRED UK

Ride-share earnings this week proved that if you lower the bar to the ground, any earnings performance can leap over it. Both companies reported staggering…Ride-share earnings this week proved that if you lower the bar to the ground, any earnings performance can leap over it. Both companies reported staggering losses that were delivered with positive PR…

Uber and Lyft: Unprofitable Powerhouses | Beth.technology

Also, Ed Yardeni takes ‘Modern Monetary Theory’ to task.Also, Ed Yardeni takes ‘Modern Monetary Theory’ to task.

Weekend Roundup: Uber, Lyft and rising prices | Trade war becomes a currency war | Making money on China - MarketWatch

“LA and SF residents already subsconciously knew this; ride hailing contributes to congestion, but @lyft and @Uber just confirmed that fact. Over 13% of vehicle miles traveled are directly due to ride hailing https://t.co/skTzi5IGg4”

Steve Westly on Twitter: "LA and SF residents already subsconciously knew this; ride hailing contributes to congestion, but @lyft and @Uber just confirmed that fact. Over 13% of vehicle miles traveled are directly due to ride hailing https://t.co/skTzi5IGg4"

“Uber shares slide after disappointing q2 results https://t.co/pHc7H8sf4t via @cnbctech (Net losses for the ride-hailing company soared to $5.24 billion.)”

Lora Kolodny on Twitter: "Uber shares slide after disappointing q2 results https://t.co/pHc7H8sf4t via @cnbctech (Net losses for the ride-hailing company soared to $5.24 billion.)"

“Uber reported a record $5.2 billion loss and revenue that fell short of Wall Street targets on Thursday, as growth in its core ride-hailing business slowed https://t.co/YgkcJVEUdx”

Robert Went on Twitter: "Uber reported a record $5.2 billion loss and revenue that fell short of Wall Street targets on Thursday, as growth in its core ride-hailing business slowed https://t.co/YgkcJVEUdx"

“Uber lost $5.24bn in the last three months, its largest-ever quarterly loss, news that sent the ride-hailing company’s shares sliding 10%. https://t.co/J3ZU7DF5CZ”

Toby Shapshak on Twitter: "Uber lost $5.24bn in the last three months, its largest-ever quarterly loss, news that sent the ride-hailing company’s shares sliding 10%. https://t.co/J3ZU7DF5CZ"

Gov. Roy Cooper said Friday that he's signed a bill that cleared the General Assembly unanimously last month. The bill's impetus was the death of a University of South Carolina student who police say was killed after getting into a car driven by a man posing as an Uber driver. Gov. Roy Cooper said Friday that he's signed a bill that cleared the General Assembly unanimously last month. The bill's impetus was the death of a University of South Carolina student who police say was killed after getting into a car driven by a man posing as an Uber driver.

More ride-hailing requirements become law in the state

Uber stock was falling sharply after the ride-hailing company missed Wall Street’s revenue expectations and posted its biggest-ever quarterly loss. But Wall Street analysts praised Uber’s quarterly results as “solid.”Uber stock was falling sharply after the ride-hailing company missed Wall Street’s revenue expectations and posted its biggest-ever quarterly loss. But Wall Street analysts praised Uber’s quarterly results as “solid.”

Uber Stock Sinks but Wall Street Says Earnings Weren’t So Bad - Barron's

Ride-sharing companies and their investors are banking on the advent of driverless cars to make their business models work. Experts have become increasingly wary of when the technology will be able to truly hit the roads in force.Ride-sharing companies and their investors are banking on the advent of driverless cars to make their business models work. Experts have become increasingly wary of when the technology will be...

Uber reports billions in losses. With a driverless future far away, will investors balk? | Deseret News

None of the Wall Street brokerages who cover the stock changed their recommendation on Uber, and the fall was almost equivalent to the 8% surge in the company's shares after Lyft's numbers on Thursday. "Near term, bears pointing to the 'chicken and the egg' problem (profits or growthNone of the Wall Street brokerages who cover the stock changed their recommendation on Uber, and the fall was almost equivalent to the 8% surge in the company's shares after Lyft's numbers on Thursday. "Near term, bears pointing to the 'chicken and the egg' problem (profits or growth

No Lyft for Uber shares after results fall short

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North Carolina has a new law focused on ride-hailing companies like Uber and Lyft that supporters contend will improve safety for both passengers and drivers.More ride-hailing requirements become law in North Carolina

More ride-hailing requirements become law in North Carolina | WSOC-TV

Second-quarter sales fell short of expectations, calling its growth story into question.Second-quarter sales fell short of expectations, calling its growth story into question.

Why Shares of Uber Technologies Are Down Today -- The Motley Fool

Uber said it will no longer serve Ontario International Airport starting Sept. 13. It will terminate its contract over a dispute regarding fees.

Uber plans to cease operations at Ontario International Airport in mid-September – Daily Bulletin

Lyft said a price war with rival Uber was easing, boosting shares of both companies and allowing Lyft to raise its outlook for the year.Lyft said a price war with rival Uber was easing, boosting shares of both companies and allowing Lyft to raise its outlook for the year.

Lyft says ride-hailing price war with Uber is easing up | VentureBeat