Damage balance at Uber; ‘billion dollars’, ‘business purchases stopped’

many world-renowned corporate companies continue to share their second quarter financial reports for 2019 with the public. UBER joins these companies and things are not going well. UBER announced that it had halted its business purchases by announcing a loss of $ 5.2 billion due to an increase in expenses.

UBER is undermining because it is a surplus

When we look at uber’s financial data in the second quarter of 2019; bookings increased by 31%, the number of active users increased by 30%, and the number of passengers increased by 35%. however, even if the company proves to grow, it seems normal for him to suffer losses at an expense of 142%.

UBER halted business purchases.

UBER has halted the recruitment of software engineers and product managers based in the United States and Canada. it was learned that these situations do not cover vehicles and taxis that are not drivers of the company. UBER recently dismissed 400 of its marketing staff. the main concern is the dismissal of staff on a larger scale. According to experts, after the public offering and compensation UBER is claimed to begin to damage.