TOKYO — His flagship tech fund is losing money. His company just posted billions in losses. And a key ally, the Chinese technology mogul Jack Ma, stepped aside. Yet Masayoshi Son, the exuberant chief executive of the Japanese conglomerate SoftBank, mustered another spirited defense of his troubled empire on Monday, shifting from contrite to brash […]
Supported by As Uber Prepares for I.P.O., Its Losses Pile Up ImageUber’s coming public offering will set the bar for other well-known tech companies like Slack and Lyft.CreditCreditMike Segar/Reuters By Kate Conger and Mike Isaac Feb. 15, 2019 SAN FRANCISCO — Technology companies rarely make money before they go public. Twitter was unprofitable when it […]
(Reuters) — Uber Technologies said on Wednesday it narrowed its quarterly losses from a year earlier, although the ride-hailing company is still a long way from proving it can be profitable as it gears up to go public in 2019. Under the leadership of Dara Khosrowshahi, who became chief executive in September, Uber has juggled […]