Uber Loses Nearly $6 Billion on Investments in Didi, Grab

Uber Loses Nearly $6 Billion on Investments in Didi, Grab
An Uber pick-up location in San Diego, California, on Sept. 30, 2019. Mike Blake/Reuters
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Uber reported losses of nearly $6 billion for the first three months of the year, driven by its investments in other companies, the ride-sharing company announced on Wednesday.

The California-headquartered company reported a first-quarter net loss of $5.9 billion, or $3.04 a share, compared with a loss of $108 million, or 6 cents a share, during the same period a year ago.
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