Uber shares fall despite revenue beat as its core operations continue to lose money

Today after the bell U.S. ride-hailing giant Uber reported its second-quarter financial results. The company‚Äôs numbers come a day after its domestic rival, Lyft, shared its own Q2 earnings. Notably while Lyft managed to generate positive adjusted EBITDA in the second quarter, Uber did not. However, Uber did generate positive net income of $1.14 billion … Continue reading Uber shares fall despite revenue beat as its core operations continue to lose money