A tale of two Ubers: How food deliveries helped make up for fewer journeys
13 February 2021 |
4:14 pm
The ride-hailing giant Uber saw mixed fortunes in 2020: revenues from its primary passenger-carrying business fell sharply, but earnings from its food delivery arm soared. The company reported massive losses for the full year, but a smaller figure than in 2019, after cutting jobs and other costs during the pandemic. Uber has now pushed back its target of turning a profit until late 2021. Also in this edition: a post-Brexit market milestone for Amsterdam, as it surpasses London to become Europe's biggest share-trading hub.
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13 Feb 2021
The ride-hailing giant Uber saw mixed fortunes in 2020: revenues from its primary passenger-carrying business fell sharply, but earnings from its food delivery arm soared. The company reported massive losses for the full year, but a smaller figure than in 2019, after cutting jobs and other costs during the pandemic. Uber has now pushed back its target of turning a profit until late 2021. Also in this edition: a post-Brexit market milestone for Amsterdam, as it surpasses London to become Europe's biggest share-trading hub.
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