Uber lost $800 million in the third quarter

‘Uber has notched yet another quarter of staggering losses.
That’s according to a new story out from The Information’s Amir Efrati, who reports that the ride-hailing company lost more than $800 million in the third quarter of this year. Those losses, which follow a reported $1.27 billion in the first half of the year, put Uber on track to lose $2.8 billion in 2016, according to The Information’s calculation.
While the millions in losses look bad on the surface for Uber — which was most recently valued at $68 billion — those losses are growing more slowly than they used to.’
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