And President Trump wants federal agencies to work with social Media Companies to stamp out hate. But first, uber shares continue to fall after sales miss and a 5. 2 billion dollar loss in the second quarter. Much is due to the ipo in may. Cooper is trying to reassure investors, saying losses will come down over the next two years. Why such a dramatic reaction . Eric i think the stock reaction had to do with the revenue mix. If you are going to lose that much money, you have to keep growing. A 5 billion plus net loss is huge. That has to do with the stock tied to the ipo, but uber loses money regularly, although it did beat expectations. Emily are investors generally buying that this is a once in a lifetime of a company fix . Eric that narrative is challenged. I think if they were holy buying that, we would see uber above its ipo price. Analyst remain optimistic about uber. Many have buy ratings for the company, but there is a lot of Short Interest in the stock and there is a lot of sk
And double digits, softbank announced its second vision fun after its wildly popular first tech fund. How it is changing up the landscape. First, our top story, uber out with secondquarter results including a 5. 2 billion loss. Sales, bookings, and monthly users all missing estimates. Shares down to the lowest level since may. Here to crunch the numbers and break down uber eats an active users is Mandeep Singh of bloomberg intelligence. Payment fairly disappointing, what is your biggest take away . I think it was just a revenue miss, and part of that was related to the use of subsidies in their ridesharing business, i the food business. I think they have been using subsidies for a while. They have been seeing pricing pressure because uber eats is a very fragmented market. On the core ridesharing side, i think theyre doing fine. It is just the law of large numbers is catching up. To me, it looks fine. Emily i should add that the adjusted loss was lower than anticipated, 656 million vers
Conspiracies, orjust fuelling them the first pictures of the princess of wales since her surgery, out shopping at the weekend with her husband at windsorfarm shop. It seems her recovery is going well but still the rumours persist. Spin around that one. Got it. The safety of a selfie royal photos have been a tricky issue recently. Today Prince William was in sheffield, trying to shift the focus onto the more serious side of public duty. You think a lot of people think, give people a house and its fixed . Its not been taken care of very well outdoors. He met supporters of homewards, his project to end homelessness in six areas of the uk. How are you . Nice to meet you. He is one of the most famous people on the planet, and a lot of people might say, surely a prince wont care about an issue like homelessness, or a lack of access to housing, because he may not have directly experienced that. But i somewhat feel that is even more impressive about it, not having that direct experience but st
As a Football Governance Bill that will see an independent regulator oversee professional football in the uk has been introduced to parliament for the first time. The legislation would grant powers to a body free from control of government and football authorities to oversee clubs in englands top five mens tiers and ensure long term Financial Stability of the mens professional game. It would in turn help Football Clubs avoid falling under financial mismanagement, like bury football club. The International Olympic committee have confirmed athletes from russia and belarus will not be a part of the parade during the Opening Ceremony at paris 202a. Qualified athletes from those countries will compete under a neutralflag, following russias invasion of ukraine in 2022. Meanwhile, the ioc have also called the russian organised Friendship Games a cynical attempt to politicise sport, describing the event as a purely politically motivated sports event. The inaugural summer Friendship Games are r