Uber lost $6.8 billion in 2020

The full-year loss, which Uber reported along with its fourth quarter results on Wednesday, represented a significant drop from the $8.5 billion it lost in 2019. During the year, Uber sold off costly ventures, cut staff and focused on what its CEO previously called “profitable growth.” The company reported $968 million in losses for the last three months of 2020, including $236 million in stock-based compensation expenses, down from nearly $1.1 billion in the year prior. CFO Nelson Chai said in a statement that Uber remains “well on track to achieving our profitability goals in 2021.” Uber (UBER) has said it aims to achieve profitability on an adjusted

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