Uber posts $50 billion in annual bookings as profit remains elusive ahead of IPO
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SAN FRANCISCO (Reuters) - Uber Technologies Inc had $50 billion (39 billion pounds) in total bookings for its ride-service and food-delivery businesses last year, a testament to the size and global reach of the company as it prepares to woo investors in one of the biggest public stock listings to date.But figures released by the company on Friday showed revenue grew just 2 percent in the fourth quarter, a sign that Uber continues to heavily subsidise rides in competitive markets, raising..