WeWork Continues to Lose Money Ahead of Potential I.P.O. [The New York Times]
Uber Technologies, Inc. (UBER)
Last uber technologies, inc. earnings: 2/6 04:05 pm
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Source: The New York Times
DealBook Business and Policy WeWork’s primary mission remains maintaining its heady growth rate, even as it continues to lose money, according to its latest quarterly financial results. It’s a strategy that will soon be tested by investors, as the co-working company heads toward a potential initial public offering. And WeWork could face a lot of skepticism if the rocky market debut of Uber, another money-burning start-up, provides any guide. WeWork said Wednesday that it had lost $264 million in the first three months of the year. While that was slightly less than the loss a year earlier, it reflects the company’s willingness to keep pouring money into its global expansion. The growth can be seen in its total revenue, which was $728.3 million during the period, more than double the sales from the same quarter last year. Its locations also more than doubled, to 485, as did its memberships, to 466,000, from a year earlier. And the company disclosed that 46 percent of its revenue in th
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News
- NYC congestion pricing plan passes final vote, will bring $15 tolls for some drivers [CBS News]CBS News
- Congestion pricing toll plan gets key approval of NYC transit board, setting stage for June rollout [Yahoo! Finance]Yahoo! Finance
- Uber Technologies, Inc. (NYSE: UBER) had its price target raised by analysts at Truist Financial Co. from $90.00 to $94.00. They now have a "buy" rating on the stock.MarketBeat
- NYC congestion pricing plan passes final vote, will bring $15 tolls for some drivers [CBS News]CBS News
- New York City congestion pricing, first in the nation, is approved at $15 and up for vehicles [MSNBC.com]MSNBC.com
UBER
Earnings
- 2/7/24 - Beat
UBER
Sec Filings
- 3/25/24 - Form ARS
- 3/25/24 - Form DEF
- 3/25/24 - Form DEFA14A
- UBER's page on the SEC website