Uber losses top $1 billion on road to IPO

Uber continues to bleed money as it races toward a much-hyped public offering next year.

Update: 2018-11-13 18:30 GMT
  • Yet the spike in losses came as Uber's sales remained largely flat for the period.
  • Like its chief US rival Lyft, Uber has jumped on the electric scooter trend in recent months.
  • In its latest earnings release, Uber highlighted strong growth in its food delivery service, Uber Eats.

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