Uber loss tops $1B in first quarter

Ride-hailing provider Uber Technologies saw a 34 percent increase in bookings in the first quarter of this year, its first as a publicly traded company, with revenue up 20 percent to $3.1 billion. San Francisco-based Uber lost $1 billion during the quarter after recording a $3.7 billion profit a year earlier, with last year’s first quarter having included gains from the sale of operations in the Pacific Rim and Russia.