Uber attracts record number of drivers as cost of living bites

Date:

Uber shares jumped more than 13% after the better than expected results. The numbers suggest a path for Uber to become profitable, despite inflationary pressures and lingering driver shortages in some cities, said Dan Ives, analyst at Wedbush Securities. “In a nutshell, despite rising ride share prices throughout the US/Europe clearly consumers are still moving to the Uber platform especially as travel, shifting to the office, and other post pandemic trends take hold globally with Uber poised to benefit into 2023,” he said.

Share post:

Subscribe

Popular

More like this
Related

Contractors are in executive roles at host agency Avenue Two Travel: Travel Weekly

NASHVILLE -- At Avenue Two Travel, a handful of people...

Real Madrid vs Celta Vigo, 2025 La Liga: Predicted lineups

Real Madrid host Celta Vigo in a crucial LaLiga...

Big Picture: This week’s images from the south of England

How to submit a pictureUpload your images via BBC...