SAN FRANCISCO, Aug 7 ― Uber yesterday reported a US$1.8 billion (RM7.54 billion) loss in the recently ended quarter as the pandemic caused its shared-ride business revenue to plunge. Overall revenues skidded 29 per cent from a year ago to US$2.2 billion, as gains from delivery failed to offset a...
Uber shares dropped more than four per cent in after-market trades that followed release of the earnings figures. — AFP pic
Uber shares dropped more than four per cent in after-market trades that followed release of the earnings figures. Uber's global ride-hailing operations have been hit hard during the coronavirus lockdowns, with bookings down 75 per cent and revenue declining 67 percent.
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