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Uber aims for profitability by end of 2020, still expects $1 bn annual loss
short by Dharna / on Friday, 7 February, 2020
Ride-hailing company Uber on Thursday said it was now aiming to achieve profitability in the fourth quarter of 2020. The company was originally targetting to be profitable on an adjusted basis by 2021. However, Uber said it still expects to lose over $1 billion this year, adding things would improve beyond the first quarter, especially in its Uber Eats business.
read more at Reuters