Ride-Hailing Company Uber Reports $5 Billion Loss
Whitney Tipton | Reporter Uber, the world’s largest ride-hailing company, announced Thursday that it lost $5.2 billion in the second quarter, and experienced its slowest revenue growth ever disclosed. The company reported the loss along with second-quarter results that included $3.1 billion in quarterly revenue, up only 14% from a year prior and its […]
Regulating Rides: Markets Are Better Than Politics
By Thomas L. Knapp Jacksonville, Florida’s politicians have, once again, arrived at an impasse on the matter of how to regulate “ride-sharing” services UberX and Lyft (Christopher Hong, “UberX, Lyft remain in limbo as City Council looks to state for new regulations,” Florida Times-Union, May 17). Instead of asking the state’s legislature to […]
