losses

Losses Mount For India’s Paytm Parent One97
Losses Mount For India’s Paytm Parent One97
September 10, 2019  |  Mobile Payments

Paytm’s parent One97 Communications posted $549 million in net losses for the fiscal year ending in March, according to reports on Monday (Sept. 9). Losses...

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Investors Sour On Uber, Lyft
Investors Sour On Uber, Lyft
September 03, 2019  |  Ridesharing

Shares of Uber and Lyft hit their lowest levels ever on Tuesday (Sept. 3). CNBC reported that Uber closed down 5.7 percent to $30.70, falling...

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Uber Shares Sink 7.6 Pct. To Record Low After Staggering Q2 Loss
Uber Shares Sink 7.6 Pct. To Record Low After Staggering Q2 Loss
August 12, 2019  |  Ridesharing

Uber shares have hit their lowest level ever following devastating Q2 losses of $5.2 billion, according to a report by CNBC. The shares fell 7.6...

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Uber Dials Back New Engineering Hires
Uber Dials Back New Engineering Hires
August 11, 2019  |  Ridesharing

Facing losses, San Francisco-based Uber is instituting a tech hiring freeze among other cost-savings measures, Bloomberg reported. The company suspended new software engineer hires as...

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LendingClub Logs Lower-Than-Expected Losses
LendingClub Logs Lower-Than-Expected Losses
August 07, 2019  |  Earnings

Though LendingClub is still reporting losses this quarter and missed its revenue estimates, the market mostly liked what it saw out of the financial services...

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Despite FY19 Losses, Xero Shares Surge
Despite FY19 Losses, Xero Shares Surge
May 17, 2019  |  B2B Payments

Small business accounting firm Xero saw its financial losses widen for the 2019 fiscal year, yet shares surged for the company as much as 10...

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Uber/Lyft IPO Doldrums To Spill Over To WeWork?
Uber/Lyft IPO Doldrums To Spill Over To WeWork?
May 16, 2019  |  Investments

They say a rising tide lifts all boats. Maybe the opposite is true, too, in a way – that a rocky sea swamps all ships....

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Wells Ups Estimates Of Legal Losses To $3.1B
Wells Ups Estimates Of Legal Losses To $3.1B
May 05, 2019  |  Bank Regulation

Wells Fargo, the embattled national bank, is reportedly upping the money it may lose from legal actions, reported The Wall Street Journal. The report, citing...

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Lyft Posts $911M In 2018 Losses
Lyft Posts $911M In 2018 Losses
March 25, 2019  |  IPO

Lyft, the ride-hailing startup that’s going public via an initial public offering later this week, is shaping up to have lodged the most losses in...

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