Cabvision TaxiPoint GIF.gif

Uber's self-driving unit is losing millions. "Sell up" say investors

15 Aug 2018

 

A report in Reuters has revealed investors in Uber Technologies Inc have told those at the ride-hailing giants that it would be wise to sell off its self-driving car unit.

Tech news site The Information, cited an unnamed person as the source to the claims.

Uber's self-driving unit racked up losses of $125 million to $200 million for each quarter for the last year-and-a-half.

Uber released today its second quarter financials which showed a slowdown in net revenue and bookings growth.

Although growth has slowed down, the controversial Silicon Valley firm are still on track to hit more than $10 billion in revenue this year.

According to a report in CNBC, Uber's self-driving unit is contributing to 15% to 30% of Uber's overall quarterly losses.

Uber have invested big in other markets, such as their food delivery service "UberEats" and its "e-bikes" and "scooter" lines.

Uber hope to push forward with an IPO in 2019. 

Please reload

  • Facebook
  • Twitter
  • YouTube Social  Icon
  • Instagram Social Icon
  • Facebook TaxiPoint
  • Twitter TaxiPoint
  • YouTube TaxiPoint
  • Instagram

Featured Stories

Please reload

ltda banner.JPG
black.gif
TaxiPoint--300x200px-MLP-GIF.gif
TaxiPoint_300x200_Dec19.gif
advert gif.GIF
ltpr.GIF
advert gif.GIF
RSS Feed

The views expressed in this publication are not necessarily those of the publishers.

 

All written and image rights are reserved by authors displayed. Creative Common image licenses displayed where applicable.

Reproduction in whole or in part without prior permission from the publisher is strictly prohibited.

All written content Copyright of TaxiPoint 2020.