Tag: Loss

Seoul, April 5 (Reuters) - South Korea’s LG Electronics Inc said on Monday it will end production and sales of its loss-making smartphone division. LG had announced in January it was considering all options for the business after logging nearly six years of losses totalling some $4.5 billion. Talks to sell part of the business to Vietnam’s Vingroup fell through ...

Uber lost a staggering $6.8 billion last year -- and that's actually good news.The full-year loss, which Uber reported along with its fourth quarter results on Wednesday, represented a significant drop from the $8.5 billion it lost in 2019.