{"id":71648,"date":"2019-11-06T00:01:06","date_gmt":"2019-11-06T05:01:06","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=71648"},"modified":"2019-11-05T23:05:56","modified_gmt":"2019-11-06T04:05:56","slug":"uber-puts-the-brakes-on-growth-at-any-cost","status":"publish","type":"post","link":"https:\/\/www.hedgeco.net\/news\/11\/2019\/uber-puts-the-brakes-on-growth-at-any-cost.html","title":{"rendered":"Uber Puts the Brakes on Growth at Any Cost"},"content":{"rendered":"<p>\n(Bloomberg) Uber Technologies Inc. seems to have decided to stop chasing stupid growth. This is exactly what investors wanted, yet the company\u2019s latest results, announced on Monday, show how far Uber has to go to be sustainable and rational. In the third quarter, the total value of Uber rides, restaurant meal deliveries and other transactions increased 29% from a year earlier \u2014 the slowest rate of increase since Uber began reporting that figure. The total figure of $16.5 billion was also a little short of analysts\u2019 expectations, as was the growth in average monthly customers using Uber services at least once. <\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/opinion\/articles\/2019-11-04\/uber-earnings-ride-hailing-company-abandons-growth-at-any-cost?srnd=premium-middle-east\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) Uber Technologies Inc. seems to have decided to stop chasing stupid growth. This is exactly what investors wanted, yet the company\u2019s latest results, announced on Monday, show how far Uber has to go to be sustainable and rational. In [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-71648","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/71648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=71648"}],"version-history":[{"count":1,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/71648\/revisions"}],"predecessor-version":[{"id":71649,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/71648\/revisions\/71649"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=71648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=71648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=71648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}