Uber loses more than $1bn in first quarterly report since IPO

Company said it now had 93 million customers who are active on a monthly basis, 33% higher than the same period last year‘Uber continues to grow, and it’s fair to say it dominates the taxi-hailing market, but the company’s success is built on sand,’ said analyst Alyssa Altman. Photograph: Josh Edelson/AFP/Getty ImagesUber lost more than $1bn in the first three months of the year, the ride-sharing company announced on Thursday.Releasing its first quarterly report since it