Business

Uber's business slowed dramatically in the fourth quarter as it gears up for an IPO

3 monthes ago   |   By Business Insider

Uber's loss dropped to $370 million last year from $4.5 billion in 2017, the company reported Friday.
But its bottom line was boosted by the sale of two of businesses.
And its growth rate slowed dramatically in the fourth quarter; sales grew just 2% from the third quarter and only 25% from the holiday period of 2017.
Uber dramatically narrowed it loss last year, thanks to the sale of its businesses in Russia and Southeast Asia, the company reported Friday.
But its business slowed dramatically in the fourth quarter, and without the asset sales, it would have posted a loss of more than $1...
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