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Uber's first post-IPO earnings report shows another $1 billion lost
Uber's first earnings report as a public company shows that while its revenue is higher than last year; the company is still hemorrhaging money. Still, there's no doubt that the company is getting bigger. The company earned $3.1 billion in revenue for the first quarter of 2019, a 20 percent increase from the same period last year. But its losses were considerable; the company reported a net loss of $1.1 billion.
