announce its second vision fun after its wildly popular first fun. first, our top story, uber out with second-quarter results including a $5.2 billion loss. level down to the lowest since may. here to crunch the numbers and breakdown uber eats an active is mandeep singh 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 user subsidies in their ridesharing 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 they re doing fine. the large numbers large growth numbers are catching up. i should add that the adjusted loss was lower than 650 $6 million versus 979 million dollars that analysts had estimated. monthly users are below estimate, 99 million, the street was looking more like looking for 101 million. what do you make of that? mandeep: the fact is, uber is
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 second-quarter 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 they re 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, $6
and facebook s nightwatch. how they are fighting fake news on facebook about facebook and paying tribute to game of thrones. but first, to our top story. while the world fixate s on trade tensions, another dispute between beijing s neighbors is weighing heavily on chipmakers. japan slapped restrictions on exports to south korea of crucial materials needed to produce semi conductors and screens. samsung slid nearly 3% monday. 5.5%.ix dropped together, they count for 60% of memory chip capacity. analysts suggest the applications may go beyond chips , upsetting the global supply chain from everything from iphones to laptops. joining me in the studio is bloomberg s ian king. why is this happening now? word ood question question. it is something that goes back hundreds of years, you could argue, with japan s colonization of korea. korea are japan never made amends, japan says yes we did. this appears to have bubbled up into the tensions we re seeing right now. emily: could it hav
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