Uber IPO Filing Shows Growth Leveling Off

Uber IPO Filing Shows Growth Leveling Off

  • Uber plans to list its shares on the New York Stock Exchange under the symbol UBER.
  • The company's total losses on operations-excluding items like sales of business units-totaled more than $10 billion between 2016 and 2018, and were $3.03 billion last year alone.
  • Uber said its ride-hailing market share "generally declined in 2018 in the substantial majority of the regions in which we operate," hurt by subsidies and discounts by competitors.
  • The company said it spent nearly $1.1 billion on research and development for its autonomous-vehicle division and other related technology development between 2016 and 2018.

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