Uber posts $1 billion loss in its third quarter 
Uber has posted a loss of $1.07 billion for the quarter ending September 30, up from $891 million loss in the previous quarter. The startup also posted $2.95 billion revenue for the period, up by 38% from the same quarter last year. It comes ahead of Uber's anticipated IPO next year, which could reportedly value the startup at $120 billion.