SAN FRANCISCO (KRON) — On today’s edition of Rob Black’s Winners and Losers, our financial expert Rob Black and KRON 4’s James Fletcher talk about Americans in debt, Facebook and Uber.
The average household with credit card debt owes $16,061, up 10% from $14,546 10 years ago and $15,762 last year. The amount of household credit card debt is still down from a recent high of $16,912 in 2008 at the height of the recession. The U.S. won’t hit pre-recession credit card debt levels until the end of 2019.
Teen app sensation Houseparty will get some competition as Facebook Messenger is launching its own split-screen group video chat feature. Six users can appear in split-screen at the time and don Snapchat-style selfie masks, while 50 total can listen and talk over voice while sending text, stickers, emojis, and GIFs. The feature could make a Messenger a place to “livechill” with friends
Even as Uber Technologies exited China, the company’s financial loss has remained eye-popping. In the first nine months of this year, the ride-hailing company lost significantly more than $2.2 billion, according to a person familiar with the matter. In the third quarter, Uber lost more than $800 million, not including its Chinese operation.
Black answers the question: Why isn’t the markets reacting to the latest terror attack?