It’s no surprise that Uber is growing, or that it’s losing money. What’s surprising is the magnitude of both.
On Monday, The Information published confidential financial documents Uber prepared for investors last year. The numbers–current as of the first half of 2015–show that ride-hailing giant is growing rapidly, way outpacing rival Lyft. And yet, Uber is also burning through cash at a faster rate than ever. Read more:
- Uber keeps burning cash. Like last year.