Spin-Off Split-Off Carve-Out Divest Signs 3d Illustration

Below is the headline story for Uber Technologies following its third-quarter (Q3) trading update released on Monday.

If that round of publicity was not bad enough, other metrics didn’t point to a success story (although the shares fell only about 5% in after-hours trade, so “tumble” seemed a bit harsh), but it narrowed its negative ebitda guidance, which was mildly more encouraging than previously.

“We are improving our full year adjusted ebitda guidance by $250m to a loss of $2.8-2.9bn,” said chief ...

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