Uber's net losses increase

According to reports in Reuters , Uber technologies Inc's third quarterly losses have widened from $1.06 billion to $1.46 billion. A source told Reuters: "Quarterly net revenue rose 14 percent to $2 billion and gross bookings increased 11.5 percent to $9.7 billion, on a sequential basis" Although being a privately owned company, earlier this year Uber began disclosing certain figures, offering the public a glimpse of it's business performance. Uber hope to push for an IPO within the next two years.