Uber withdrew its 2020 guidance and warned of a $2.2 billion writedown

Credit: Business Insider- Published on April 17, 2020
· Uber has withdrawn its financial guidance for 2020 – covering metrics like gross bookings, adjusted net revenue, and adjusted EBITDA.
· In a press release on its website, Uber said the guidance it published on February 6 no longer applied, as the "uncertainty" caused by COVID-19 made its results "impossible" to...

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