Thursday, May 7, 2020

Uber loses $2.9 billion, offloads bike and scooter business


NEW YORK (AP) — Uber lost $2.9 billion in the first quarter as its overseas investments were hammered by the coronavirus pandemic, but the company is looking to its growing food delivery business as well as aggressive cost-cutting to ease the pain. The ride-hailing giant said Thursday it is offloading Jump, its bike and scooter […]

source https://www.seattletimes.com/business/uber-loses-2-9-billion-offloads-bike-and-scooter-business/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_technology

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