EventsEventsPodcasts
Loader
Find Us
ADVERTISEMENT

Ride-hailing firm Uber reportedly records record loss

Ride-hailing firm Uber reportedly records record loss
Copyright 
By Euronews
Published on
Share this articleComments
Share this articleClose Button
Copy/paste the article video embed link below:Copy to clipboardCopied

Ride-hailing giant Uber lost more than 1.

ADVERTISEMENT

Ride-hailing giant Uber lost more than 1.1 billion euros in the first half of this year, according to reports.

It is being put down to subsidies given to drivers, sources suggest.

Uber, now valued at roughly 61 billion euros, lost almost 1.8 billion in the whole of 2015.

Rapidly expanding tech start-ups such as Uber have faced opposition from some unions and longer-established competitors around the world.

In London, drivers of traditional black cabs have held a series of protests in the capital.

Share this articleComments

You might also like