KEY POINTS
- General Electric, Kraft Heinz and Newell Brands are the only companies in the S&P 500 that lost more money last year than Uber’s $5.2 billion second-quarter deficit.
- Most of Uber’s loss was tied to stock-based compensation.
- Uber shares fell after disappointing results.
- https://cnb.cx/2yLbCPn
This hiring freeze comes after 400 layoffs in its marketing department last week.
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