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Uber’s Eats business running out of gas

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Uber's addition of food delivery in 2014 seemed logical. But Eats continues to lose money, even in a sweet spot created by the pandemic. The ride-hailing firm is running out of time to prove that Eats is worth the wait: GinaChon

Uber Technologies on Nov. 4 reported third-quarter revenue of $4.8 billion, a 72% increase from a year earlier. Analysts expected revenue of $4.

4 billion in the third quarter, according to Refinitiv.FILE PHOTO: A photo Illustration shows the Uber application on a mobile phone in in central Paris, France March 5, 2020.

 

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