Despite high gas prices, drivers have been flocking to Uber in record numbers.
New driver sign-ups surged 76%, CEO Dara Khosrowshahi told analysts.The need to make extra income to counteract overall record inflation appears to outweigh the expenses associated with being able to earn that extra income.What they're saying: "
No one wishes for a tough economic environment or elevated inflation that's affecting so many of us, including Uber drivers," Khosrowshahi said. "At the same time, from a competitive standpoint, there's no question that this operating environment is stronger for us."
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Travel Is On Fire’: Uber, Lyft Stocks Surge As Americans Splurge Despite Skyrocketing InflationUber's bookings hit a record $29.1 billion in the second quarter—shares are surging 14%.
Read more »
Uber is cash-flow positive as rides, delivery and revenue beat expectationsUber stock rose sharply Tuesday as the ride-hailing and delivery giant reported second-quarter revenue that more than doubled, beating expectations.
Read more »
Uber receipts are crashing Microsoft Outlook | EngadgetA Microsoft Outlook glitch is crashing the email app whenever you open an Uber receipt..
Read more »
Uber will let drivers see how much they make from rides before accepting themUber's CEO, Dara Khosrowshahi, announced a new feature that allows drivers to see how much they can make from a trip before accepting it.
Read more »
Uber driver charged in death of revered Houston pastor during suspected road rage shooting, reports sayAuthorities have arrested an Uber driver accused of fatally shooting a Houston pastor during a suspected road rage incident.
Read more »
Uber Eats in focus as inflation-hit consumers rethink ordering inThe food-delivery business that kept Uber Technologies' earnings afloat during the peak of the pandemic is expected to show signs of strain in second-quarter results due on Tuesday as decades-high inflation crimps consumer spending.
Read more »