(CNN Business) Just two days after a political win in its home state of California, Uber's third quarter earnings report shows the ongoing negative impact of the pandemic on its business. When it came to losses, the company met expectations, reporting that it lost $1.1 billion in the quarter. In the second quarter, Uber lost $1.8 billion, and it lost a staggering $2.9 billion during the first quarter of this year. In total, Uber lost $8.5 billion in 2019 . So far in 2020, Uber has lost $5.8 billion.

Source: CNN November 05, 2020 22:19 UTC