Today, there are signs that the journey may be longer than we thought. The ridehailing and delivery company reported a surprise net loss of $654 million for the first quarter of the year, as legal settlements and equity investments proved to be more of a drag on Uber's business than many expected.
In particular, the company's never-ending legal battles over the classification of its drivers, as well as the waning demand in certain markets, were seen as slowing down Uber's financial momentum.
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