Stories

Uber is burning smaller bags of money

Illustration: Lazaro Gamio / Axios

Uber continued to shrink its losses in the first quarter of 2018, according to financial documents the company shared with Axios. It also is launching a stock tender offer for early employees and investors, at an implied valuation of $62 billion.

Why it matters: Uber wants to go public in 2019, so getting at least close to profitability is of paramount importance.