Uber Technologies 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.The company said that despite those larger challenges it is sticking to its goal of being profitable on an adjusted basis before the end of 2021 thanks to stringent cost-cutting measures and a strong balance sheet. Uber recorded an adjusted loss in earnings before…
from South China Morning Post https://www.scmp.com/tech/apps-social/article/3096395/ubers-food-delivery-business-doubles-covid-19-eviscerates-rides
Friday, August 7, 2020
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