Uber stock tumbles after $5.2b loss, sales miss estimates

Uber stock tumbles after $5.2b loss, sales miss estimates

FILE PHOTO: Chief Executive Officer Dara Khosrowshahi of ride-hailing app Uber pictured on stage during an event in New York City, New York, U.S., September 5, 2018. REUTERS/Carlo Allegri/File Photo

Uber Technologies Inc. failed to assure investors Thursday of its growth potential or that it can turn a profit anytime soon. The ride-hailing company reported second-quarter adjusted sales that fell short of estimates and posted a net loss of $5.24 billion, by far the largest ever for the business.

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