Uber posts massive $5.2 billion quarterly loss

An Uber car.
(Image credit: ALASTAIR PIKE/AFP/Getty Images)

Uber just had a really, really, really bad quarter.

On Thursday, the ride hailing company posted both its biggest quarterly loss and its slowest-ever revenue growth. This was Uber's first finance report since it went public in May with a dismal IPO, and is attributing $3.9 of the $5.2 billion loss to all the stock-based compensation it had to pay out to employees when it went public, The New York Times reports.

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Kathryn Krawczyk

Kathryn is a graduate of Syracuse University, with degrees in magazine journalism and information technology, along with hours to earn another degree after working at SU's independent paper The Daily Orange. She's currently recovering from a horse addiction while living in New York City, and likes to share her extremely dry sense of humor on Twitter.