REUTERS/Jason LeeCThe Didi investment weighed heavily on what was otherwise a fairly upbeat quarter for Uber, as both customers and drivers increasingly returned to the road. The loss was 123% more than the same quarter a year ago, when Uber’s business was reeling from the pandemic. Aside from its loss on Didi Uber , which is based in San Francisco, said its business continued to recover from the pandemic. In the third quarter, Uber said 109 million users were active on its platform, including riders and customers of Uber Eats, its food delivery business. On Thursday, Uber said it lost $2.4 billion in its most recent quarter, largely because of its investment in Chinese ride-hailing company Didi.

Source: Forbes November 05, 2021 06:11 UTC