The ride-hailing service, said on Friday that its gross bookings — or the amount of money it garnered<br />from providing rides, excluding costs — rose to $20 billion in 2016, double the amount in 2015.<br />Uber, which has regularly raised money from venture capital firms<br />and increasingly from large institutional investors like Saudi Arabia’s Public Investment Fund, said it still holds $7 billion in cash, with a $2.3 billion credit facility it has not tapped.<br />Amid Questions Over Its Culture, Uber Discloses Robust Financial Figures -<br />By MIKE ISAACAPRIL 14, 2017<br />SAN FRANCISCO — Uber’s corporate culture has been under fire.<br />Last year, its adjusted net loss totaled $2.8 billion, excluding the cost of its Chinese subsidiary, Uber China.
