Analysts hail Uber’s staying power during Covid-19
The resilience of food delivery operation Uber Eats has mitigated the drop in passenger rides
08 May 2020 - 15:13
Dublin — Uber Technologies drew a warm response from Wall Street after the firm posted its first-ever decline in rides, but said business is already starting to to recover.
Analysts particularly noted the resilience of Uber’s food delivery operation, Uber Eats, which mitigated the effect from the drop in passenger rides. Further diversification is seen as possible, with Citigroup considering partnerships and Morgan Stanley identifying add-on opportunities such as grocery delivery...
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