Apr 14, 2017

Uber touts growing business amid controversies

AP

Uber has a message: It might be in the midst of several PR crises, but it's growing more than ever.

The company released its revenue numbers to Bloomberg showing that it brought in $20 billion in gross bookings in 2016, which was double that of the previous year. It made $6.5 billion in net revenue, with $2.8 billion in adjusted net losses, excluding its Chinese business, which it sold last summer.

Q4 bump: In the fourth quarter of 2016, gross bookings grew 28% from the previous quarter to $6.9 billion, and Uber brought in $2.9 billion in net revenue, a 74% bump from the third quarter. Meanwhile, its significant losses grew 5% to $991 million.

Accounting note: While Uber only counts the commission it takes from private rides as part of its revenue, it counts the full price of the ride in the case of UberPool, its carpooling service.

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What the coronavirus means for Trump's presidency

Photo Illustration: Eniola Odetunde/Axios. Photo: Chris Graythen/Getty Images

A poor response to the coronavirus could be politically devastating for President Trump, and so far his administration has given the strong impression that it’s still scrambling as the risk of a pandemic mounts.

Why it matters: There’s only so much any president can do to stop a virus from spreading, and for now the coronavirus is still very much under control within the U.S. But if the disease get worse in the months ahead, and if the administration seems to be caught off guard, that spells trouble for public confidence in Trump.

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Coronavirus updates: New global case numbers surpass China's

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

The novel coronavirus is now affecting every continent but Antarctica and the WHO said Wednesday the number of new cases reported outside China has exceeded those inside the country for the first time.

The big picture: COVID-19 has killed more than 2,800 people and infected over 82,000 others in some 50 countries and territories. As Denmark and Estonia reported their first cases Thursday, Scott Morrison, prime minister of Australia — which has 23 confirmed infections — told a news conference, "The risk of a global pandemic is very much upon us."

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Mass shooting in Milwaukee: What we know

Milwaukee Mayor Tom Barrett in 2012. Photo: John Gress/Corbis via Getty Images

Six people died in a shooting at the Molson Coors Brewing Company in Milwaukee Molson Coors on Wednesday, including the 51-year-old gunman, Mayor Tom Barrett told reporters at an evening press conference with local police.

Details: All of the victims worked at the brewery complex, as did the shooter who died of "an apparent self-inflicted gunshot wound, police confirmed in a statement late Wednesday.

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