Uber could lose more than half its revenue

Uber’s revenue in the first quarter of 2017 amounted to $3.4 billion.

Revenue Uber can be reduced by half after the change in accounting rules.

So, changes in accounting rules, US GAAP (generally accepted accounting principles in the United States), coming into force early next year, the strongest impact on the performance of high-tech companies.

This writes the Financial Times.

In particular, the revenue service taxi Uber can drop in half, while sales of Amazon and Microsoft to grow significantly.

The reform of accounting in the United States, designed to bring the local standard in line with international standards, IFRS, involves a number of significant changes.

In particular, in some cases, the company is considered the primary service provider, will now become partners. As a result, Uber will be able to include in revenue only the Commission for services for sharing cars, not the entire amount of payments for this service.

According to the company, its revenue in the first quarter of 2017 amounted to $3.4 billion, but new accounting rules the indicator would be equal to $1.5 billion.

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