Uber Technologies Inc. posted another big loss with little sign of recovery in its core ride-hailing business as the coronavirus pandemic drags on. Gross bookings for Uber’s rides declined 75% year-over-year in the three months ended June 30, the San Francisco-based company said Thursday. With the entire second quarter affected by the Covid-19 outbreak, bookings fell 72% from the first quarter when the pandemic first struck.

Source: Wall Street Journal August 06, 2020 20:08 UTC