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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. “While our Rides business has been hit hard by the ongoing pandemic, we have taken quick action to preserve the strength of our balance sheet, focus additional resources on Uber Eats, and prepare us for any recovery scenario,” said CEO Dara Khosrowshahi in a statement. “A
Continue reading Uber eats $2.9B loss, Eats is a bright spot, offloads bikes and scooters
Uber eats $2.9B loss, Eats is a bright spot, offloads bikes and scooters originally appeared on
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Uber eats $2.9B loss, Eats is a bright spot, offloads bikes and scooters
