Uber lost $4.5 billion in 2017 and posted sales of just under $7.5 billion, the ride-hailing company told investors Tuesday. Uber, a private company, doesn’t have to publicly disclose earnings. But The Wall Street Journal, which reviewed the company’s figures, reported Uber increased sales by at least 10 percent every quarter in 2017. Bloomberg notes Uber ended 2017 with about $6 billion in cash on hand, 13 percent less than the year earlier. Uber’s tumultuous 2017 included the exit of former CEO Travis Kalanick, whose tenure was marked by controversies that included sexual harassment and discrimination, and questionable business practices.

Source: Huffington Post February 14, 2018 18:22 UTC