Uber's Business Slowed Dramatically In The Fourth Quarter As It Gears Up For An Ipo

Getty Uber's loss dropped to $370 million last year from $4.5 billion in 2017, the company reported Friday. But its bottom line was boosted by the sale of two of businesses. And its growth rate slowed dramatically in the fourth quarter; sales grew just 2% from the third quarter and only 25% from the holiday period of 2017. Uber dramatically narrowed it loss last year, thanks to the sale of its businesses in Russia and Southeast Asia, the company reported Friday. But its business slowed dramatically in the fourth quarter, and without the asset sales, it would have posted a loss of more than $1 billion.See the rest of the story at Business InsiderNOW WATCH: Here's how to use Apple's time-saving app that will make your life easierSee Also:IT'S OFFICIAL: Trump declares national emergency to build his border wallThe $446 million Airbus A380 superjumbo is the largest and most expensive airliner in the world.

 

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