Uber has $2.5b profit to show on paper in Q1, thanks to Grab deal

Uber has $2.5b profit to show on paper in Q1, thanks to Grab deal

Th Uber Technologies Inc. car service application (app) is displayed for a photograph on an Apple Inc. iPhone in New York, U.S., on Wednesday, Aug. 6, 2014. Photographer: Victor J. Blue/Bloomberg

Uber Technologies Inc., after years of historic losses, is laughing to itself this quarter. It turned a $2.5 billion profit during the first three months of this year — technically.

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