Dow set to drop; recession signal may be near; Uber sinks after big loss; Uber's Q2 worse than most troubled companies' 2018; and Goldman dips into subprime with Apple Card.
— lost that much money in all of 2018. Uber attributed most of its quarterly deficit to stock-based compensation. Excluding that expense, Uber's losses were around $1.3 billion, or roughly 30% wider than the prior period.
High stock-related compensation costs are normal for Silicon Valley companies as a price of luring top talent.Apple CEO Tim Cook introduces Apple Card during a launch event at Apple headquarters on March 25, 2019, in Cupertino, California.
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