Friday, May 8, 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 and aggressive cost-cutting to ease the pain. The ride-hailing giant said Thursday it is offloading Jump, its bike and scooter business, to […]

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

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