Uber says it lost $1.8B in 2018
Uber, the most highly- valued US based startup, is heading into its much-anticipated IPO after more than one billion dollars in losses last year.
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Uber, the most highly- valued US based startup, is heading into its much-anticipated IPO after more than one billion dollars in losses last year.
Apple sold essentially the same number of iPhones last quarter as it did a year prior, but sales and profits soared as it made more money from higher-priced devices.
Apple's next big iPhone launch is likely still nearly two months away, but investors will be looking for early signals about what to expect from it this week.
For months, Facebook and Twitter investors shrugged off concerns about election meddling, regulatory scrutiny and an industry-wide privacy awakening. All that mattered was the two platforms kept getting more people to scroll past ads, thereby making more money.
The number of people using Twitter fell during the three months ending in June as it worked to clean up the platform and comply with new privacy regulations.
Amazon topped $2 billion in quarterly profit for the first time in its history, an impressive run fueled by continued growth in Prime subscriptions, cloud computing and its nascent advertising business.
Facebook's stock plunged as much as 24% in after hours trading on Wednesday after the company said it expects revenue growth to slow as it "puts privacy first" and rethinks its product experiences.
Four months after the Cambridge Analytica scandal humbled Facebook and shaved tens of billions of dollars from its market value, the company's stock is once again trading at record highs.
Even a massive antitrust fine can't slow Google down.
Microsoft's bet on the cloud helped propel the company to a $100 billion sales year.