Uber's Gargantuan $10.7 Billion Burn Rate Is One of a Kind

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Uber's Gargantuan $10.7 Billion Burn Rate Is One of a Kind

An analysis of Uber's financial position, based on Bloomberg reporting and voluntary disclosures by the privately held company, shows that Uber is a corporate anomaly. Few companies in history have grown so fast or lost so much money in such a short period of time. Uber has developed what may be
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Leasing accounting standards headache

With the January 1, 2019, deadline looming for compliance with the Financial Accounting Standards Board (FASB) lease accounting standards, only 15% of companies have completed their implementations to date, according to a KPMG survey. Another 45% indicate that they are in the process of
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Michael Bloomberg launches tobacco industry watchdog

The agency will “aggressively monitor deceptive tobacco industry tactics and practices to undermine public health,” said Bloomberg Philanthropies. Global information and data on the behaviour of the tobacco companies, especially in low- and middle-income countries where they are seeking to grow
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Accounting/Finance Intern

Looking for a great internship at KORE in San Francisco, CA? Learn more about the Accounting/Finance Intern position right now!
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Trend-Chasing Quants Post Worst Returns in 17 Years

Likewise, the returns of slower moving trend-followers have been consistently correlated to U.S. equities over the past year and a half, whereas the measure has oscillated for quick reactors, data compiled by Bloomberg show. “What investors expect in quant trading generally is steady outcomes,”
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