Business
Uber racks up losses in an attempt to ease its driver shortage – Sydney Morning Herald
The ride-hailing company spent heavily to lure back drivers who quit in the pandemic, which resulted in a wider loss than expected…
Uber Technologies spent heavily to lure drivers back in the second quarter, which resulted in a wider loss than expected and raises doubts about the reliability of its labour model long-term. Shares declined 8 per cent in extended trading on Wall Street.
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