Uber loses $891 million in Q2 over Eats, India investments
Uber has reported an $891 million loss for the April-June period, with a revenue of $2.8 billion. Uber CEO Dara Khosrowshahi said the company is "deliberately investing" over "big bets" like its food delivery platform Uber Eats and congestion-free scooter services in India, Europe and the Middle-East. The ride-hailing startup has burned around $11 billion since its launch in 2009.