Happy Saturday. Here’s hoping you had a better week than Ryan Lochte. Or at least can come up with a better excuse if you didn’t.
In a sign of the times, Uber said Thursday its restaurant-food delivery revenue surpassed ride-hailing for the first time. Uber Eats revenue rose 103%, to $1.2 billion in the June quarter, and its profit margin—at negative 19%—was the unit’s best in many quarters. Ride-hailing generated just $790 million, down 67% due to pandemic shutdowns.
Uber’s management, starting ...
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