Uber companies are known to loss up to $ 4.5 billion throughout 2017

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Uber's revenue goes up in satisfactory amounts. Known, Uber's online transportation company revenue grew to US $ 2.2 billion in the fourth quarter of 2017. This number increased 11.8 percent from the previous quarter, and up 61 percent from 2016.

Despite rising incomes, in fact Uber experienced a loss. The company's losses in the fourth quarter of 2017 are estimated at US $ 1.1 billion. If the total, losses suffered by Uber throughout 2017 could reach US $ 4.5 billion.


When compared to 2016, Uber's losses actually increased. In 2016, losses gained only in the range of US $ 2.8 billion.

The losses in that year were triggered by weaker business firms in a number of countries, including China which strictly prohibited Uber from operating.

In addition, the company's market share also declined to 82 percent in the fourth quarter of 2017. However, Uber claims market share is now back stable.

Nevertheless, analysts argue that Uber could rise again slowly to make up for the losses suffered. Because, the company has just pocketed new funding from SoftBank as much as US $ 14 billion. As a side note, SoftBank owns a 17.5 percent stake from Uber.

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