Underwhelming Uber

The Friday File: While the accounting is very dodgy, Uber’s revenues are up spectacularly, from $1 billion in 16Q1 to $3.4 billion in 17Q1, and gross bookings are up from $3.8 billion in 16Q1 to $7.5 billion in 17Q1. However, huge losses continue. In 2015, losses were minimally $2.2 billion, in 2016, minimally $3 billion ($4 billion if you include China, which was sold), and in 17Q1, $708 millio