Uber’s loss widens to $4.5B af­ter rocky year

Honolulu Star-Advertiser - - BUSINESS - ——— Star-Ad­ver­tiser news ser­vices

SAN FRANCISCO >> Ride-hail­ing gi­ant Uber’s full-year net loss widened to $4.5 bil­lion in 2017 as the com­pany en­dured a tu­mul­tuous year that in­cluded mul­ti­ple scan­dals and the re­place­ment of its CEO.

The re­sults also showed that Uber cut its fourth-quar­ter net loss by 25 per­cent from the third quar­ter as its new CEO moves to make the com­pany prof­itable be­fore a planned pub­lic stock sale some­time next year.

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