Uber Technologies Inc. posted another big loss as the coronavirus pandemic continued to batter its core-ride sharing business, though its shares rose for a second straight day in part because of a key regulatory win in California.

Gross bookings for Uber’s rides declined 53% year-over-year in the three months ended Sept. 30, the San Francisco-based company said Thursday. That was better than the previous quarter, when rides were down 75%.

Food-delivery…

This post first appeared on wsj.com

You May Also Like

Survivors of Maui fires set up their own aid network as trust in government falters

Mindful of the Hawaiian Islands’ sad history, community leaders moved quickly to…

Facebook’s Hardball Move in Australia Comes With Risks

SYDNEY—In the clash between Facebook Inc. and Australia over paying for news,…

Mayorkas says border crossings dropped by 50% after Covid restrictions were lifted

Homeland Security Secretary Alejandro Mayorkas said Sunday that the number of encounters…

‘We grew up with this’: Taiwan calmly defiant as world frets about threat from China

It has been a major point of discussion around the world, however,…