Uber Technologies Inc on Monday posted a wider third-quarter loss as costs soare...
) on Monday posted a wider third-quarter loss as costs soared at the ride-hailing company, sending shares down 4.4% in after-hours trading.
But Uber at the same time is spending heavily to expand into new business areas and is offering vast promotions to gain market share. The company is building out its food delivery and long-haul trucking business, developing self-driving cars, offering banking services to its drivers and even planning commercial passenger drone shuttles by 2023.
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