Uber reported losses of nearly $6 billion for the first three months of the year, driven by its investments in other companies, the ride-sharing company announced on Wednesday. The California-headquartered company reported a first-quarter net loss of $5.9 billion, or $3.04 a share, compared with a loss of $108 million, or 6 cents a share, during…
Uber Loses Nearly $6 Billion on Investments in Didi, Grab
May 5, 2022
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Business & EconomyBusinesses in COVID-19CompaniesDidieconomygrabMarketsMedia & Big TechUberUSUS News
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Grab’s Nasdaq Debut Highlights Mixed Views on Southeast Asia’s Startup Scene
December 5, 2021
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Asia & PacificBusiness & EconomyCompaniesgrabInvestmentMarketsMedia & Big TechSingaporeSoutheast AsiaWorld
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Singapore-based tech company Grab’s shares have tumbled more than 30 percent since it was first traded on the Nasdaq on Dec. 2, 2021. Reaping proceeds of $4.5 billion, its high-profile debut on the Nasdaq attracted much attention, marking the largest U.S. public listing by a company from Southeast Asia. The listing came after Grab agreed…
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