Business
Uber’s ride-hailing business is ‘a mess,’ analysts say, and the stock is sputtering – MarketWatch
Earnings show flailing Rides segment and booming food-delivery business, but analysts focus more on the former after earnings
Uber Technologies Inc. shares declined Friday as concerns about the COVID-19 pandemics negative effects on the companys ride-hailing business seemed to outweigh hope for its booming food-delivery segment.After Uber
UBER,
-5.21%
reported earnings Thursday afternoon, analysts wrote positively on the pivot toward food delivery with Uber Eats and the companys cost-cutting measures. But sentiment about the Rides business where gross bookings plunged 73% year over year was not optimistic. The ri…
-
General11 hours agoChina and Philippines trade blame over latest South China Sea clash
-
General12 hours agoSmall plane crashes into San Diego neighbourhood, setting homes and vehicles on fire
-
Noosa News20 hours agoConfusion over licensing and access to hunting grounds under WA’s strict gun laws
-
General11 hours agoOf saints and sinners | The Spectator Australia