Uber lost $2.8 billion last year

After a string of corporate crises, Uber is taking the unusual step of releasing financials to highlight its business growth. Uber's gross bookings for 2016 hit $20 billion, more than doubling from the year prior, according to financial figures the company provided to Bloomberg. Its net revenue, after drivers took their cut, totaled $6.5 billion for the year. But that rapid growth came at a cost. Uber says it lost $2.8 billion in 2016, excluding the China business it sold midway through the year.
Read more: http://money.cnn.com/2017/04/14/technology/uber-financials/index.html?source=Snapzu