Uber rides demand eviscerated by COVID-19; food-delivery business doubles

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 66%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Uber Technologies Inc said demand for its food-delivery service more than doubled in the second quarter as many users remained largely homebound, ...

REUTERS: Uber Technologies Inc said demand for its food-delivery service more than doubled in the second quarter as many users remained largely homebound, while demand for ride-hailing trips was only marginally recovering from pandemic rock-bottom.

Uber's chief executive officer, Dara Khosrowshahi, told analysts on a conference call on Thursday that rides recovery depended on the ability of different countries to contain the virus, with the recovery so far led by Asia, excluding India. The number of active platform users across the 69 countries in which Uber operates nearly halved year-over-year, from 99 million to 55 million.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Uber's food-delivery business doubles; COVID-19 eviscerates rides demandUber Technologies Inc said demand for its food-delivery service more than doubled in the second quarter as many users remained largely homebound, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »