UBER LOSES $1.1B INVESTING IN FOOD DELIVERY, DRIVERLESS CARS
Uber is still losing money as it expands its food delivery business and develops technology for driverless cars.
But revenue for its rides business nearly tripled in the final three months of last year as the company picked up more passengers around the world. That prompted it to say it will turn a profit earlier than it expected.
The San Francisco-based ride-hailing giant lost $1.1 billion in the
