Ts Ambition and Bn

uber: If it hits the mark, Uber will raise around 9bn in new funds and some early investors will make big profits, according to The Guardian. Despite the scale of ts ambition, Uber lost 1.8bn last year even while its revenues surged by more than 40% to 11.3bn. Its Wall Street debut will gauge investors' excitement about the prospects of a company that has expanded rapidly from taxi services into food delivery and is now investing billions in developing driverless cars. The business has never made a profit, and said recently that it may never do so. But its data-packed float prospectus revealed the sprawling scale of its operations in 700 cities. Figures released alongside its float plans showed it lost a further 1bn in the first three months of this year. (news.financializer.com). As reported in the news.