Technology Other News 16 Aug 2018 Report: Uber told by ...

Report: Uber told by investors to sell self-driving unit

REUTERS
Published Aug 16, 2018, 9:17 am IST
Updated Aug 16, 2018, 9:23 am IST
This was said after Uber racked up losses of USD 125 million to USD 200 million each quarter for the past 18 months.
Uber is due to release its second-quarter earnings to investors later on Wednesday.
 Uber is due to release its second-quarter earnings to investors later on Wednesday.

Investors have told Uber Technologies Inc it would be wise to sell off its self-driving car unit after it racked up losses of USD 125 million to USD 200 million each quarter for the past 18 months, tech news site The Information reported on Wednesday, citing an unnamed person familiar with the issue.

Uber did not immediately respond to a Reuters request for comment.

 

Uber is due to release its second-quarter earnings to investors later on Wednesday.

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