Uber Loses Millions Trying to Recruit Drivers

Aug.04 -- Uber Technologies Inc. spent heavily to lure drivers back in the second quarter, which resulted in a wider loss than expected and raises doubts about the reliability of its labor model long-term. Shares declined as much as 6% in extended trading. Mandeep Singh of Bloomberg Intelligence breaks down the earnings .

Comments / 0

Published by

Bloomberg from Video Elephant

11610 followers

Comments / 0