Uber racked up losses in attempt to ease driver shortage

The Straits Times Business News

August 05, 2021 8:32 AMSAN FRANCISCO (BLOOMBERG) – 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. Its shares declined 8 per cent in extended trading on Wednesday (Aug 4).
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August 5, 2021 – 3:01 am /
Twitter: @hoffeldtcom

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