The ride-hailing company Uber continues to hemorrhage money. <br /><br /> No official figures have been released by the privately held firm, but sources tell news organisations that between July and September it lost more than $800 million (772 million euros).<br /><br /> Uber is in a price war with rival Lyft in the US and has also been spending heavily on things like experimental self-driving cars <br /><br /> For the first nine months of this year it lost well over $2.2 billion (2.12 billion euros). <br /><br /> However net revenue – the amount of money from fares – continues to rise. It was reportedly $1.7 billion in the third quarter and increase from $1.1 billion between April and June.<br /><br /> The third quarter losses do not include its Chinese operation. It had to withdraw from the country in August selling out to rival Didi Chuxing but receiving a 5.89 percent stake in Didi and $1 billion in the deal. <br /><br /> Uber’s growth, revenue, and losses are back in the news. Here’s what you need to know. https://t.co/dUYqT6hZbb via mattermark— Smith&Co ⚖ ™ (Justica4all) December 6, 2016<br />
