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Uber reports its first ever operating profit of $8 million
short by Hiral Goyal / on Friday, 5 November, 2021
Uber has reported its first profitable quarter on an adjusted basis since it launched more than a decade ago. It posted an adjusted EBITDA profit of $8 million for the quarter ended September, as compared with a loss of $625 million a year ago. Uber's net loss stood at $2.4 billion, mostly due to a massive drop in DiDi's value.
read more at Reuters