Uber’s earnings are confusing, by design

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With a “lacklustre” Wall Street debut, and now a $1bn loss, the start of 2019 has not been easy on Uber. According to reports, its failure to achieve profit is down to “heavy spending”. But the ride-hailing app has also had to face up to “fierce competition” from rivals, with San Francisco’s Lyft certainly giving it a run for its money. Perhaps that stinker of a Q1 is the reason behind Quartz’s struggle to comprehend how well, or in this ...