Hold Uber responsible: UPDATE 1-Uber losses widen as driver incentives rise along with trips

From Reuters:

(Adds details, share price)

Aug 4 (Reuters) – Uber Technologies Inc on Wednesday reported widening losses even as trips and deliveries grew as driver incentives hit revenue at the ride-hail and food delivery company.

Uber posted an adjusted $509 million second-quarter loss before interest, taxes, depreciation and amortization – a metric that excludes one-time costs, including stock-based compensation – widening losses by nearly $150 million from the first quarter.

Uber shares fell 6% in after-hours trading after closing the day down 2.2%.

Continue reading UPDATE 1-Uber losses widen as driver incentives rise along with trips on Reuters

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