Uber Says Outcome of Criminal Inquiries Could Hurt Business
- Resolving the investigations could be expensive, company says
- Ride-hailing giant didn’t disclose new probes in IPO filing
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Uber Technologies Inc. said it’s the target of multiple inquiries and investigations -- including criminal inquiries by the U.S. Justice Department -- that could harm its future outlook.
In a prospectus filed Thursday with the U.S. Securities and Exchange Commission for an initial public offering, the ride-hailing giant said the probes by domestic and foreign government agencies cover a range of subjects.