Feb 6, 2020 - Economy & Business

Uber's 2019 Q4 was slightly better than analyst expectations

Photo: DENIS CHARLET/AFP via Getty Images

Uber posted its fourth quarter results on Thursday, slightly exceeding analyst expectations, giving its stock a small price bump after market close.

Why it matters: Uber has not only been under growing pressure to show it can turn a profit sooner than later, but the company is facing new regulations in California that threaten its classification of drivers as contractors, instead of employees.

By the numbers:

Revenue: $4.07 billion, compared to $4.06 billion expected by analysts.
Loss per share: $0.64 per share (excluding certain expenses), compared to $0.68 expected by analysts.
Gross bookings: $18.1 billion for Q4, up 28% from a year ago.
Monthly active platform consumers: 111 million, up 22% from a year ago.
Trips: 1.907 billion, up 28% from a year ago.

Go deeper: Uber rolls out changes to California ride-hailing in wake of new law

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Axios

Updated 42 mins ago - Politics & Policy

U.S. cities crack down on protesters

The scene near the 5th police precinct during a demonstration calling for justice for George Floyd in Minneapolis on Saturday. Photo: Kerem Yucel/AFP via Getty Images

Major U.S. cities have implemented curfews and called on National Guard to mobilize as thousands of demonstrators gather across the nation to continue protesting the death of George Floyd.

The state of play: Hundreds have already been arrested as tensions continue to rise between protesters and local governments. Protesters are setting police cars on fire as freeways remain blocked and windows are shattered, per the Washington Post. Law enforcement officials are using tear gas and rubber bullets to try to disperse crowds and send protesters home.

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Sara Fischer

52 mins ago - Politics & Policy

Journalists get caught in the crosshairs as protests unfold

A man waves a Black Lives Matter flag atop the CNN logo during a protest in response to the police killing of George Floyd outside the CNN Center on May 29. Photo: Elijah Nouvelage / Getty Images

Dozens of journalists across the country tweeted videos Saturday night of themselves and their crews getting arrested, being shot at by police with rubber bullets, targeted with tear gas by authorities or assaulted by protestors.

Why it matters: The incidents show how easy it can be for the media to entangled in the stories they cover, especially during a time of civil unrest.

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Axios

Updated 2 hours ago - Politics & Policy

George Floyd protests: What you need to know

Photo: David Dee Delgado/Getty Images

Clashes erupted between police and protesters in several major U.S. cities Saturday night as demonstrations over the death of George Floyd and other police-related killings of black men spread across the country.

The big picture: Floyd's death in Minneapolis police custody is the latest reminder of the disparities between black and white communities in the U.S. and comes as African Americans grapple with higher death rates from the coronavirus and higher unemployment from trying to stem its spread.

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