Uber reported second quarter results including revenue that beat analysts' expectations but declined by 29% to $2.18 billion from $3.17 billion during the same period last year.
Weighed down by the Covid-19 pandemic, which has kept people home, bookings in the company's core ride-sharing business were down 73% from last year. The company was able to narrow its net losses to $1.8 billion, a major improvement from last year when stock-based compensation contributed to a net loss of $5.24 billion.
Bernie Madoff must be scratching his head
Couldn't be anything to do with the pandemic ?
Not me.
Stock Market Gems. Uber about to run! Learn the charts 👇
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