The company, according to the Wall Street Journal last week did not make any profit in the first quarter of the year.
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In confirmation of the Wall Street Journal’s publication last week, the company has just confirmed that it indeed lost a total of $708 million in the first three months of the year.
Uber however revealed that despite the loss, it posted $3.4 billion in revenue.
Speaking through its spokesperson, the company added: “these results demonstrate that our business remains healthy and resilient as we focus on improving our culture, management and relationship with drivers and Uber is on a good trajectory towards profitability.”
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