Here is how Uber spent $10.7b in nine years

Here is how Uber spent $10.7b in nine years

Dara Khosrowshahi. Photographer: David Ryder/Bloomberg

What makes Uber Technologies Inc. the most valuable venture-backed technology company in the world? Investors say size and growth. The business is transforming global transportation networks. On closer inspection of its financial performance, Uber also pioneered a very expensive way of establishing a market and staying on top.

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