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US taxi app firm turns $1.8bn loss into $1.1bn profit after years of spending billions of investors’ cash to expand
Uber has reported its first ever annual operating profit as a limited company, in a landmark moment for a business that spent billions of dollars of investors’ money in an aggressive and often controversial expansion around the world.
The US taxi app company said it made $1.1bn (£870m) in 2023, compared with a loss of $1.8bn the year before.
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