Were expecting, up 15 , thanks to people taking more rides and also using its food delivery service, but the thing is the right hailing and Food Delivery Company still disappointed investors and one thing that wall street was focused on was gross booking. That number came in lighter than forecast and its predictions for the coming three months also were disappointing. So, despite turning in higher revenue, uber posted an unexpected loss of around 651; million, up from 157 million this time last year. Earlier, i was speaking to andrew hawkins, Transportation Editor at a new service covering the tech industry, and he told me what wall street was worried about. While ubers fundamental Business Model appears to be improving and gaining strength, its still not completely out of the woods. And what i mean by that is that there are still a lot of regulatory issues, theres a lot of Legal Expenses that the company has been having to pay. It had to make a massive settlement brought on by a Class
The pentagon says the war in afghanistan is costing u. S. Taxpayers 45 billion a year. Lawmakers grilled the Trump Administration today. Global news 24 hours a day, powered by 2700 journalists and analysts in more than 120 countries. This is bloomberg. Emily im emily chang this is Bloomberg Technology. Afterhours trading soaring as much as 30 after smashing estimates in the fourth order. We will break down the companys first earnings victory since it went public. And the take on the gender dynamic in Silicon Valley. It might sluice of conversation with a paypal cofounder. And a move to get Workplace Culture right. Stand, thetakes the courtroom short down showdown between uber and waymo. But first, to our lead. Snap jumping in afterhours after fourthquarter earnings reports with top analyst estimates for the First Time Since the company went public almost a year ago. The earnings were buoyed by momentum in the advertising business and user growth. Snapchat fourthquarter sales jumped to
Apple made the argument that the governments request is unprecedented and violates among other things the companys First Amendment rights that protect against compelled speech. On the other side of the corporate story thats capturing the worlds attention is fbi director james comey who earlier today testified on capitol hill. I love encryption, i love priva privacy. When i hear corporations saying were going to take you to a world where no one can look at your stuff part of me thinks, thats great, i dont want anybody looking at my stuff. Then i step back and say, Law Enforcement, which im part of, really does save peoples lives. Rescue kids. Rescue neighborhoods from terrorists. We do that a whole lot through court orders that are search warrants and we do it a whole lot through search warrants of mobile devices. Were going to move to a world where that is not possible anymore . The world will not end but it will be a different world than where we are today. Amon jaffers has been follo
Governments request is unprecedented and violates among other things the companys First Amendment rights that protect against compelled speech. On the other side of the corporate story thats capturing the worlds attention is fbi director james comey who earlier today testified on capitol hill. I love encryption, i love priva privacy. When i hear corporations saying were going to take you to a world where no one can look at your stuff part of me thinks, thats great, i dont want anybody looking at my stuff. Then i step back and say, Law Enforcement, which im part of, really does save peoples lives. Rescue kids. Rescue neighborhoods from terrorists. We do that a whole lot through court orders that are search warrants and we do it a whole lot through search warrants of mobile devices. Were going to move to a world where that is not possible anymore . The world will not end but it will be a different world than where we are today. Amon jaffers has been following the story from washington. W
Governments request is unprecedented and violates among other things the companys First Amendment rights that protect against compelled speech. On the other side of the corporate story thats capturing the worlds attention is fbi director james comey who earlier today testified on capitol hill. I love encryption, i love priva privacy. When i hear corporations saying were going to take you to a world where no one can look at your stuff part of me thinks, thats great, i dont want anybody looking at my stuff. Then i step back and say, Law Enforcement, which im part of, really does save peoples lives. Rescue kids. Rescue neighborhoods from terrorists. We do that a whole lot through court orders that are search warrants and we do it a whole lot through search warrants of mobile devices. Were going to move to a world where that is not possible anymore . The world will not end but it will be a different world than where we are today. Amon jaffers has been following the story from washington. W