Uber has spent over $8 billion since it was founded in 2009
Ride-hailing startup Uber has spent at least $8 billion since it was founded in 2009 and claims to have $7 billion cash on hand, along with an untapped $2.3 billion credit facility. Revealing its financials for the first time, Uber added that it more than doubled gross bookings in 2016 to $20 billion, with adjusted net loss of $2.8 billion.