Uber loses nearly $6 billion on investments due to stakes in Didi, Grab

(Natural News) American mobility service provider Uber reported a loss of $5.9 billion in the first quarter of 2022 as investments in two Asian companies, Didi and Grab, plunged since they were listed in the U.S. in 2021. The losses came from the value of China’s Didi, Singapore’s Grab and U.S. startup Aurora. These losses...