Every evening, the best of Tech news is in the TL; DR of FrenchWeb.
TL; DR (invariable acronym) (21st century): initials of “too long; didn’t read“, either literally “too long ; not read“ 1. (Internet) To express that the message that was sent was not read because it was too long. 2. (Internet) To express that the following is a summary of the text too long.
Why this is important: Over the first three months of the year, Uber’s loss was reduced to $ 577 million, against $ 822 million over the same period last year and $ 741 million in the last quarter of 2017. The loss expressed in EBITDA (before interest, taxes, depreciation and amortization) was cut almost in half to $ 304 million, compared to $ 597 million in the same period last year. The company, which has been run by Dara Khosrowshahi since September 2017, reported first-quarter revenue of $ 2.5 billion, up 67% from a year ago. During the same period, the proceeds of the races jumped 55% to reach 11.3 billion dollars.