Pandemic keeps Uber in the red as revenue plunges
Pandemic keeps Uber in the red as revenue plunges

San Francisco (AFP) – Uber on Thursday reported that it lost $1.1 billion in the recently ended quarter as the pandemic walloped its ride-hailing business, while boosting its food delivery service.Total revenue dipped 18 percent from a year earlier tand the third-quarter loss was marginally higher than in the same period last year.Revenue in Uber’s mobility unit was down 53 percent from the same quarter last year, while money taken in from Uber Eats, which includes delivering restaurant meals or other orders, more than doubled, according to the San Francisco-based company.”Despite an uneven pa…

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