Uber lost more than $800 million (more than R11 billion) in the third quarter of 2016, according to Bloomberg.
The company doesn’t make its results known publically.
However, Bloomberg quoted someone familiar with Uber’s results.
The ride sharing firm should exceed $5.5 billion (R77 billion) in revenue for the year.
Uber is valued at $69 billion (R969 billion).
That’s more than the combined value of General Motors and Twitter.
For more detail listen to the audio below.
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby NEWSROOM AI
Yet, there’s a 60% chance that the best case scenario – 5% growth – is about to materialise, says scenario planner Clem Sunter.
Entertainment and news are being used to change the way you see the world and not always truthfully.
The Money Show’s Bruce Whitfield interviews Norton Rose Fulbright Director in Litigation Lauren Fine.
The Money Show’s Bruce Whitfield interviews Mark Smyth, Editor of Motor News Business Day.
The Money Show's Bruce Whitfield interviews a man who owns a number of cars which operate as Uber taxis.
Innovative logistics company PicUp has partnered with TomTom Africa to revolutionise the concept of same-day delivery.
Callers debate white privilege and land reform on the Eusebius McKaiser Show.
This World Water Day, Kieno Kammies gets the latest on the water crisis in Cape Town.
A Grade 10 learner was killed by a truck en route to a shipping container depot situated next to Maitland Secondary School.
Consumer journalist Wendy Knowler explains how a new court ruling will impact consumers applying for credit in South Africa.
The Western Cape Premier is in the spotlight again due to posting an 'insensitive' tweet about Life Esidimeni tragedy.
Entrepreneur Max Lichaba built his own empire and is the CEO of Lichaba Creations and several other businesses. This is his story.