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

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.

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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, ...
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