Uber lost $5.2 billion in 3 months. Here's where all that money went. (UBER)
Uber posted a $5.2 billion loss on Thursday, its largest ever, sending shares plummeting.
A major chunk of that loss was a consequence of two things: stock-based compensation and driver rewards, both stemming from the company's initial public offering in May.
Other major costs for Uber include research and development, on things like self-driving cars, and sales and marketing, in order to keep growing.
Visit Business Insider's homepage for more stories.Uber lost a whopping $5.2 billion in
Read more »