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Daily Crunch: Uber reports big losses and slowing growth

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Geekz Snow
Daily Crunch: Uber reports big losses and slowing growth

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories.

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Uber lost more than $5B last quarter

Uber reported earnings for the second time as a public company, posting its largest-ever quarterly loss.

And while revenue grew 14% year-over-year, that also sparked concerns over (relatively) slow growth.

The company’s stock took a nose-dive of 11% in after-hours trading following the news.

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Geekz Snow
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