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Uber Shutting Down U.S. Car-Leasing Business – WSJ

As predicted here, the slashing of Uber divisions is beginning. How the leasing business was allowed to misproject or misreport results by a huge multiple is a question investors should ask before assuming any of the company’s numbers are valid. Uber Technologies Inc. on Wednesday confirmed it is shutting down its U.S. auto-leasing business, months […]

As predicted here, the slashing of Uber divisions is beginning. How the leasing business was allowed to misproject or misreport results by a huge multiple is a question investors should ask before assuming any of the company’s numbers are valid.

Uber Technologies Inc. on Wednesday confirmed it is shutting down its U.S. auto-leasing business, months after it discovered it was losing 18-times more money per vehicle than previously thought.

Source: Uber Shutting Down U.S. Car-Leasing Business – WSJ

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