fbpx

Uber Posts Third-Quarter Loss as Pandemic Continues to Hurt Rides

Uber Posts Third-Quarter Loss as Pandemic Continues to Hurt Rides

Uber Technologies Inc. posted another big loss as the coronavirus pandemic continued to batter its core-ride sharing business, though its shares rose

$1,944 for a Covid Test? How Readers Helped Us Spot an Unusual Trend
Nestlé Takes Full Ownership of Meal-Delivery Company Freshly
Marvell Nears Deal to Buy Inphi

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

Do You Enjoy This Article?
Sign up for our newsletter and receive FREE access to download SuccessDigest Digital Weekly Edition for attainment of your financial freedom in the new digital economy!

Invalid email address
We promise not to spam you. You can unsubscribe at any time.

COMMENTS

WORDPRESS: 0
DISQUS: 0
%d bloggers like this: