Uber net loss widens as investors seek to buy shares

Uber’s net loss widened to $1.46bn (€1.23bn) in the third quarter as the US taxi- hailing leader struggled to fend off competition, legal challenges and regulatory scrutiny.

Uber’s net loss widened to $1.46bn (€1.23bn) in the third quarter as the US taxi- hailing leader struggled to fend off competition, legal challenges and regulatory scrutiny.

The San Francisco-based company reported financials to shareholders as part of a formal bid from a SoftBank-led consortium looking to buy a large block of shares.