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Uber’s Ride Hailing Business Performed Slightly Better in Q1

By Martin Peers
· · Source: The Information

Uber’s ride hailing business is slowly recovering from the impact of the pandemic but its revenue was still down 41% in the first quarter than a year earlier, while its loss also shrank. The decline was markedly lower than the roughly 50% declines of the two previous quarters, and was nearly half the 75% collapse in revenues the company reported for the second quarter last year when the...

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