IT Blog

Uber hasn’t had an easy time as a public company. The novel coronavirus, which has brought much of the ride-hailing company’s business to a halt, hasn’t helped. On Thursday, Uber’s first-quarter earnings highlighted the financial troubles the company has experienced, showing significant losses.

Uber said its revenue rose 14% from a year earlier to $3.54 billion, slightly beating the average analyst forecast of $3.51 billion. But, the company posted a net loss of $2.9 billion in the first quarter, which was greater than expected by analysts. It’s the largest loss that…