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Guess what? Uber is losing more money than it is making

Jun 30, 2015    

A convertible bond offering seen by Bloomberg reveals Uber is losing more money than it is generating.According to Bloomberg, Uber had revenues of $415 million and an operating loss of $470 million for an undisclosed time period. It also says that the document touts 300 percent year-over-year growth.An Uber spokesperson told Bloomberg that the numbersare "substantially old," which suggests they may have been from2014.In other words, Uber's massive expansion in over 300 cities globally is at the cost of heavy losses.Investors have given a lot of money to Uber, which is now valued at $...

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