Uber is still losing money

Thursday, November 15, 2018 Posted by bloggerdaddy
THE DAILY CRUNCH
THURSDAY, NOVEMBER 15 2018 By Anthony Ha

Uber releases its latest financial numbers, Facebook introduces the ability to unsend messages and Google revamps its business app. Here's your Daily Crunch for November 15, 2018.

1. Uber continues to lose money as it scales scooters, bikes and other newer businesses

Uber, which is expected to go public sometime next year, just released its Q3 2018 financial results, with the company's net losses increasing 32 percent quarter-over-quarter to $939 million. Keep in mind, however, that Uber anticipated these losses as it continues to invest in future growth areas.

So perhaps the more relevant metric is the 38 percent year-over-year growth in revenue, to $2.95 billion. And for the first time, Uber has broken out gross bookings for Eats, which accounted for $2.1 billion of the $12.7 billion total.

2. Facebook Messenger starts rolling out Unsend; here's how it works

Messages can only be unsent for the first 10 minutes after they're delivered. So you can correct a mistake or remove something you accidentally pushed, but you won't be able to edit ancient history.

3. Google My Business app revamp challenges Facebook Pages

The updated app will offer new tools for viewing customer info — including followers, reviews and messages — as well as a way to quickly create content that can be published to a business profile on Google.

4. Meet Jennifer Tejada, the secret weapon of one of Silicon Valley's fastest-growing enterprise software startups

Sounds like you'll be hearing more about PagerDuty soon, thanks in part to its CEO Jennifer Tejada — who's rare in the world of enterprise startups because of her gender, but whose marketing background makes her even more of an anomaly -- and an asset.

5. Government denies Oracle's protest of $10B Pentagon JEDI cloud RFP

When Oracle filed a protest with the Government Accountability Office in August arguing that the Pentagon's $10 billion JEDI RFP process was unfair, it probably had little chance of succeeding. And indeed, the GAO has turned away the protest.

6. Google is closing its Schaft robotics unit after failing to find a buyer

A source explained that Alphabet's robotics focused shifted away from Schaft and instead to non-humanoid robots and industry-led solutions such as robotic arms.

7. Airtable, maker of a coding platform for non-techies, raises $100M at a $1.1B valuation

If data is the new oil, you might think of apps as the cars that need it to move. Now a startup that's built a platform to let everyone — not just those with technical expertise — make and drive their own "cars" has raised a significant round of funding.

Get more stories at techcrunch.com 

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