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True price of an Uber ride in question as investors assess firm's value

Uber will report second-quarter financials to investors this week

Reuters  |  San Francisco 

What is the true cost of an Uber ride? That simple question is often lost among the many controversies facing the ride-services company as it tries to hire a new chief executive and resolve a bitter dispute with the old one, Travis Kalanick. But it may be the most important question of all when it comes to determining the value of Uber Technologies Inc, which has built its business on massive subsidies to both riders and drivers, producing huge losses in the process, and it has yet to show that it can maintain growth without them. Uber will report second-quarter financials ...

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First Published: Wed, August 23 2017. 16:35 IST