Another Uber-size loss

Ride-sharing giant Uber reported a billiondollar loss last week, said Georgia Wells in The Wall Street Journal, in its first earnings report as a public company. “Investors have questioned whether Uber can tame its losses amid tight competition.” The loss is more than double Uber’s deficit in the same period last year, with the cash drain accelerated by a 54 percent increase in marketing costs. Uber has “sought to sell Wall Street” on a vision of dominating the future of transportation around the world. But its growth has slowed dramatically, with revenue from its core business rising just 10 percent from a year earlier, a steep drop-off from 80 percent growth a year ago.