How Uber plans to rebound from massive Q2 losses stemming from driver incentives

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  Uber’s second-quarter earnings revealed greater than expected losses, in large part due to the company’s massive $250 million stimulus package launched in April to incentivize drivers back onto the app after a pandemic-induced shortage. The company reported a loss of $509 million before EBITDA. For comparison, Lyft reported a positive adjusted EBITDA in the […]

Posted from: this blog via Microsoft Flow.

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