Uber has recorded its first-ever cash flow positive quarter, after burning through $25bn since being founded 13 years ago in its rush towards rapid global expansion. The lossmaking Silicon Valley group, which has relied on heavily subsidised rides to shake up the taxi industry worldwide, said it generated free cash flow of $382mn in the …
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Uber reported $382 million in free cash flow for the first time ever, an indication that the rideshare company’s “hardcore” effort to rein in costs is starting to pay off, even in the midst of a cooling economy. Uber is still burning a lot of money but mostly in the realm of its investments in …
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7:38 PM ET ESPN staff With 2022 NFL training camps getting ready to hit high gear, young starting quarterbacks around the league are getting valuable reps. At the New England Patriots’ camp on Friday, onlookers anticipated that quarterback Mac Jones would raise his level of performance after the offense was almost shut out completely, scoring …