Uber's revenue hits $6.5 billion in 2016, still makes large loss
Its adjusted net loss was $2.8 billion, excluding the operation in China it sold past year, said Uber, the largest of Silicon Valley's 'unicorns, ' or venture capital-backed companies with a valuation above $1 billion.
However, its adjusted net loss was $2.8 billion, excluding the operation in China it sold past year, Uber said. The figures were first reported by Bloomberg.
Holt added that a healthy business gives them "the room to make the changes we know are needed on management and accountability, our culture and organization, and our relationship with drivers".
Philippine appellate court affirms conviction of US Marine
Pemberton was sentenced to six to 12 years of imprisonment after he was found guilty for homicide - not murder. A court in the Philippines has upheld a jail sentence for a US Marine found guilty of killing a trans woman.
The $68 bn private company Uber does not report its financial results publicly.
The results release comes soon after a slew of controversies and executive-level departures at the firm.
While Uber did not disclose earnings for the first quarter of this year, the company said they were in line with expectations. But during the same time, Uber reported $2.9 billion in revenue, a 74 percent increase from the third quarter, and the company's $6.9 billion in gross bookings marked a 28 percent increase from the previous quarter. Unfortunately, the last quarter of 2016 followed its earnings' overall trend for the year, and the losses for that period were 6.1 percent higher at $991 million. Since the calendar has changed to 2017, Uber has faced criticism for its workplace culture and comments made by Chief Executive Travis Kalanick, as well as a lawsuit from Waymo, the self-driving vehicle unit of Alphabet Inc. The company told Bloomberg its net losses were $1.2 billion after accounting for the sale of its China business, taxes and other factors. At the same time, losses - which do not take into account employee stock compensation, some investments in real estate, vehicle purchases and other expenses - rose 5% to $991 million, the company said.
Browns preseason schedule announced
The Cleveland Browns have announced their preseason schedule, and they get games for the 2017 season underway in mid-August. In week three, Cleveland travels down to Raymond James Stadium to face Tampa Bay for the third consecutive season.
Business Insider asked Uber for clarification on how entire UberPool fares can be counted towards revenue when it has to pay drivers out of those fares.
The numbers released by the company were leaked in different quantities previously, but the disclosure this week was a positive move by Uber. Even its CEO, Travis Kalanick, found himself in a spot after he was videotaped arguing with an Uber driver over falling incomes.
Yankees worth big league-high $3.7 billion
General manager Matt Klentak has repeatedly said the ownership is prepared to make the necessary financial resources available. If the Phillies have a losing season in 2017, which is expected, it will be their sixth straight losing season.
Neil Gorsuch Confirmed to Supreme Court; Conservatives Celebrate
The final confirmation vote on Gorsuch is expected Friday, and he should be sworn in soon to hear the final cases of the term. And in many ways the showdown had been pre-ordained, the final chapter in years of partisan warfare over judicial nominees.
Samsung Galaxy S7 Run Into Problems, Post-Android 7.0 Nougat Update
Besides the updated Android OS build, the update includes the February 2017 security update and system performance enhancements. The Galaxy Note 5 is moving to version N920AUCU4EQC6 while the S6 edge + is updating to version G928AUCU4EQC6.
Rangers get early advantage on Canadiens
But if we failed to acknowledge it before, it's worth mentioning it now: be prepared for the unexpected. The heavy wrist shot came and Lundqvist kicked it aside with a lightning-quick reaction.
Syria war: G7 seeks united front on Assad and Russia
His remarks on Sunday TV talk shows came after President Donald Trump's missile strike Thursday on a Syrian air base. It's also to get out the Iranian influence, which we think is causing so much friction and worse issues in the area.
Yankees' Pineda perfect through 6 innings in home opener
Montgomery is the Yankees' fifth starter for the time being, though many thought his debut would take place Sunday against the St. Pineda was so good that by the seventh inning, with a reasonable pitch count, Girardi was playing out scenarios in his head.
Marcos Alonso: 'We knew we needed to beat Bournemouth'
CHELSEA striker Diego Costa has thrown fresh doubt over his long term future by suggesting he is unhappy with life in London. His record in 2017 now stands at three League goals in 10 matches.
Easter weekend weather forecast
It will be the warmest on Saturday with temperatures climbing up to the low 70's under partly cloudy skies in the valley. Rain chances will taper off tonight and clouds will near out overnight with lows falling into the mid 50s.
Dancing with the Stars 2017: Power Rankings - Week 4
Normani Kordei: 32 out of 40 The 20-year-old performer's life changed in 2012 when she joined the group "Fifth Harmony". Happily, she and Solomon went on to have two more children, a boy and a girl, through in vitro fertilization.
Yogi govt decides to improve power supply in UP
Yogi Adityanath's cabinet may also approve proposal to provide potable water in the drought affected area of Bundelkhand. Adityanath has ordered 18-hour power supply in villages and 24 hours in district headquarters of the state.
Alabama Gov. Robert Bentley resigns amid sex scandal
The stunning resignation came after Bentley pleaded guilty to two misdemeanor violations of campaign finance law. In his statement on Monday, Bentley apologized for his actions, but did not mention a relationship with Mason.
Apr 12 2017