Money Uber just shared its financial numbers and it lost $2.8 billion in 2016

20:05  15 april  2017
20:05  15 april  2017 Source:   Business Insider Australia

Uber says stolen self-driving car files never touched its servers

  Uber says stolen self-driving car files never touched its servers A contentious lawsuit that could affect the development of self-driving cars took another hairpin turn Friday when Uber filed a response to the suit by Google's self-driving car company Waymo, saying it doesn't have the 14,000 files Waymo claims one of Uber's top executive's stole.Those files, Waymo claims in its suit, contain crucial information about proprietary LiDAR — light detection and ranging — sensor technology that is key to making autonomous vehicles a reality.

Uber hasn’t been able to stop plowing through cash, and the ride-hailing company lost $ 2 . 8 billion in 2016 , excluding its China business, according to newly-released numbers published in Bloomberg.

Uber hasn’t been able to stop plowing through cash, and the ride-hailing company lost $ 2 . 8 billion in 2016 , excluding its China business, according to newly-released numbers published in Bloomberg.

Uber released its numbers to the public for the first time ever. © AAP Image/Lukas Coch Uber released its numbers to the public for the first time ever. Uber hasn't been able to stop ploughing through cash, and the ride-hailing company lost $US2.8 billion in 2016, excluding its China business, according to newly-released numbers published in Bloomberg.

Uber released its numbers to the public for the first time ever to show that its sales growth has remained strong even as it entered a tumultuous 2017.

Here are its key financials for 2016, per Uber's release to Bloomberg:

In the fourth quarter, Uber both increased its bookings and upped its losses, according to the report. Uber's gross bookings rose to $US6.9 billion in Q4, but its losses teetered close to a billion at $US991 million. Uber generated $US2.9 billion in revenue in the fourth quarter alone.

According to Bloomberg, Uber's revenue is "only the portion Uber takes from fares, except in the case of its carpooling service; the company counts the entire amount of an Uber Pool fare as revenue."

Waymo Urges Judge to Bar Uber Engineer From Robocar Project .
(Bloomberg) -- Waymo says it’s uncovered new evidence that Uber Technologies Inc. took and copied its trade secrets and urged a judge to bar the head of the ride-hailing company’s driverless car program from continuing to work on the project. Alphabet Inc.’s Waymo made the request Friday as a federal judge weighs whether to issue a court order that may impede Uber in the race to market autonomous-driving vehicles. U.S.

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