Uber's revenue hits $6.5 billion in 2016, still has large loss

Uber's revenue hits $  6.5 billion in 2016, still has large lossRide-hailing service Uber Technologies Inc generated $ 6.5 billion in revenue last year and its gross bookings doubled to $ 20 billion, the company said on Friday. Its adjusted net loss was $ 2.8 billion, excluding the operation in China it sold last year, Uber said. As a private company, now worth $ 68 billion, Uber does not report its financial results publicly.

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