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Uber burned through about $10.7 billion in 9 years: Report
short by Shifa Naseer / on Wednesday, 7 March, 2018
US-based ride-hailing startup Uber has burned through about $10.7 billion since it was founded nine years ago, according to Bloomberg. With a net revenue of $7.4 billion, Uber has $6 billion cash in hand and investors reportedly contributed about $17.3 billion to the startup. No other company has burned such a huge amount in initial stages, as per the data.
read more at Hindustan Times