Uber Technologies has 91-million users, but growth is slowing and it may never make a profit, the ride-hailing company said in its IPO filing this week. The document gave the first comprehensive financial picture of the decade-old company, which was started after its founders struggled to get a cab on a snowy night and has changed the way much of the world travels. The S-1 filing underscores Uber's rapid growth in the past three years but also how a string of public scandals and increased competition from rivals have weighed on its plans to attract and retain riders. In addition, the disclosure highlighted how far Uber remains from turning a profit, with the company cautioning it expects operating expenses to "increase significantly in the foreseeable future" and it "may not achieve profitability". Uber lost $3.03bn (R42.3bn) in 2018 from operations. The filing with the US Securities and Exchange Commission revealed Uber had 91-million average monthly active users on its platforms, ...
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