The financial information of Uber came after the Silicon Valley unicorn being through a well-publicised internal investigation into sexual harassment and other unsavoury aspects of company culture, which led to the forced resignation of Chief Executive Officer Travis Kalanick in June.
Uber Technologies reported lower loss by almost 9 per cent in the second quarter of this year as ride bookings jumped.
The San Francisco-based company said it lost $645 million in the second quarter, 9 percent less than the $708 million loss in the first quarter and 35 percent less than the $991 million loss in the fourth quarter of past year.
Adjusted net revenue, which represents Uber's cut of drivers' ride fares, rose to $1.75 billion, up from the previous quarter's $1.5 billion. Uber had $US6.6 billion in cash at the end of the second quarter, down from $US7.2 billion at the end of the first quarter.
Uber's business continues to grow as it licks its wounds from a tumultuous beginning to 2017.
The Benchmark lawsuit filed in a DE court accused Kalanick of fraud, breach of contract and of plotting to manipulate the board of directors to allow him to return as CEO following his resignation in June.
Mexico: Trump Warning to Cancel NAFTA is Only a Strategy During the presidential campaign, he promised Americans to pull the country out of " useless and unprofitable " trade pacts. Although many Americans have benefited from NAFTA , Lighthizer said that the agreement has "failed. countless Americans".
Few companies have faced so many scandals in such a short amount of time as Uber.
Uber, which is valued at about $68 billion, has also been with waning confidence among investors.
An executive committee is steering Uber as it searches for a CEO.
Uber also said drivers earned about $50m in tips since June. Additionally, Uber faces challenges in some markets where local ordinances and legal decisions block it from doing business. The company had $6.6 billion on hand at the end of the quarter, down from $7.1 billion at the end of the first quarter. According to media reports, the ride-sharing firm's revenue in the second quarter was only $1.75 billion. This is nine percent less than the $708 million loss in the first quarter of the year. Its head of finance, Gautam Gupta, left Uber this year for the startup OpenDoor.
But he approached the team last month to ask for a trade - in part so he could escape LeBron James' colossal shadow in Cleveland . But the Cavaliers decided that the only appropriate value for Irving lay in the East.
He also said the state is under an affirmative obligation to protect the fundamental rights of its citizens. It is contended and broadly it is now accepted that privacy is a part of the individual liberty.
Kim Kardashian may have used a filtering tool to stop the snakes , which was ironically created for Taylor Swift past year . The same thing happened on Friday, when Taylor's fans tried to give Kim and her fans the snake treatment.
Wall alternated her life between NY and Beijing, but had worked all over the world for a variety of magazines and newspapers. Danish naval authorities launched a rescue operation and Madsen was picked up by a private boat between Denmark and Sweden .
Swift has kept a low profile in the recent months and sources have confirmed she's been busy working on tracks for the new album. In the aftermath of the announcement, fans and commenters haven't ceased speculating about what the new album might bring.
Walmart also plans to integrate its quick reordering tool into the tech company's same-day delivery service, Google Express . Google and Walmart announced a new partnership by adding Walmart into the Google Home speaker ecosystems.
By noon on Wednesday, the storm caused winds of over 125 kmph, with gusts reaching 208 kmph in some outlying islands. Officials said 153 people were injured in Macau, while in Hong Kong more than 120 were hurt.
But Jared Leto shouldn't clear his schedule, since this movie will feature a different - and maybe younger - actor in the role. While the show has yet to outright label him as " Joker ", Jerome Valeska does have the maniacal laugh mastered.
Deadly Attack Hits Kabul Mosque
A fierce gun-battle between security forces and attackers lasted for five hours and the area has been cordoned off by the police. Security forces exchanged fire with the assailants and sound of an explosion was heard almost two hours after the attack began.
Iran vows legal measures against Apple over apps bans
Apple is not officially in Iran or any other Persian Gulf countries, and iPhones are not supposed to be for sale in the country. NYT writes that due to the US sanctions, Apple doesn't operate any official business in Iran or have an Iranian App Store.
Odell Beckham Jr. could miss NY Giants' season opener
Saying he's only to miss a game or two would undersell the severity and allow the Giants to force opponents to game plan for him. They ran plays, had receivers catch passes and began preparations for Saturday night's game against the New York Jets .
Amazon unveils Prime discounts, Lockers at Whole Foods
The company also said certain Whole Foods products will be available through Amazon .com, AmazonFresh, Prime Pantry and Prime Now. Kroger's stock was down 8.3 percent and Sprouts Farmers Market went down 6.6 percent.
Apple reportedly planning $999 price for new iPhone
Recently, we have spotted the same phone in a video where it showcases Touch ID feature at the back panel. With an off-contract price starting at $929.99, the Galaxy Note 8 is not a cheap piece of hardware.
Florida to execute man convicted in race-motivated murder
Asay and about 128 other inmates who were sentenced to death on non-unanimous jury verdicts before that date remain on Death Row. It will be followed by a paralytic and then a form of a heart-stopping drug that has been used in an execution only by mistake.
Navy dismisses 7th Fleet commander
The victim was identified as Electronics Technician 3rd Class Kenneth Aaron Smith, 22, who is from New Jersey. The Navy said they discovered human remains in the search for the missing sailors early Monday morning.
DOJ Drops IP Log Request for Anti-Trump Protest Site
While the DoJ request was legitimately linked to finding troublemakers, it was widely believed that its request was excessive. Dreamhost has agreed that it will comply with any order, under court seal, so it can not be leaked any further.