Uber’s recovery accelerates as more people seek rides again, warns Associated Press

From Associated Press:

SAN RAMON, Calif. (AP) — Uber’s ride-hailing service is regaining most of the momentum that it lost during the pandemic.

At the same time, its delivery service is still growing at a torrid pace, indicating that some homebound habits may be here to stay, even though people are going out again.

Those two trends produced Uber’s best quarterly report since the pandemic clobbered the San Francisco company 17 months ago.

The results announced Wednesday for the April-June period included a rare profit. But that stemmed from a one-time gain of $1.4 billion to recognize recent increases in the values of Uber’s stakes in China’s leading ride-hailing service, Didi, and a self-driving car division that it recently handed off to Silicon Valley startup, Aurora.

Continue reading Uber’s recovery accelerates as more people seek rides again on Associated Press

Do you have a complaint about Uber or Uber Eats, such as overcharges or fraud? Take your claim to FairShake, the consumer advocacy service.


Read More:

FairShake is aggregating links to consumer news stories across the web. We claim no rights to the snippets featured.

Latest news

PayPal headlines: Fact check: Treasury proposal wouldn’t levy new tax on PayPal, Venmo transactions

From USA TODAY: A proposal from the Department of the Treasury aimed at decreasing tax avoidance has become the subject...

T-Mobile customers take note: AT&T says it has big problems. A T-Mobile salesman showed me how big

From ZDNet: I've missed going to phone stores. This may not be a sentence you've heard from too many people lately,...

TechCrunch on PayPal: This Week in Apps: PayPal launches ‘super app,’ Twitter adds crypto tips, Apple won’t take Fortnite back

From TechCrunch: Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS...

Take action against T-Mobile: Three NC communities land T-Mobile project development grants

From WRAL Tech Wire: Editor’s note: LimeLight is a new feature from WRAL TechWire offering another means of publishing noteworthy...

Law360 reports Uber Gears Up For UK Pension Plan For Drivers After Ruling

From Law360: By Martin Croucher (September 24, 2021, 12:12 PM BST) -- Uber said on Friday that it has launched...

DirecTV Arbitration Clause ‘Pro-Consumer,’ 4th Circ. Told, says Law360

From Law360: By Christopher Cole (September 24, 2021, 8:52 PM EDT) -- DirecTV has urged the Fourth Circuit to overturn...

You might also likeRELATED
Recommended to you