Uber Technologies Inc. (NYSE: UBER) Adapts to Ever-hanging Needs of Society Amid Pandemic

June 10, 2020 12:47:40
  • Uber Technologies is a pioneer in developing ride-sharing solutions, revolutionizing transportation services in 67 countries, currently
  • The novel coronavirus pandemic that has swept the planet has had a severe impact on economies worldwide, including the revenue outlooks for companies like Uber
  • The company continued to adapt to circumstances through the five revenue segments it now reports through, watching bookings rise in its Eats and Freight segments rise, particularly, as the Rides segment has seen a drop-off
  • Uber has continued to pursue new benefits for its mainstay Rides services, such as recently adding a single-rate, multi-stop option in a growing number of cities
  • Many countries outside the United States are now reporting significant declines or virtual elimination of the virus, leading to the possible resumption of normal Uber economic activity there

Businesses and sightseeing destinations such as national parks and monuments have gradually begun to reopen access points in June (http://nnw.fm/Z7c8k) as Americans shrug off concerns about infections from the COVID-19 virus and attempt to resume an increasing number of “normal” activities (http://nnw.fm/Qk2hd).

Like most of the nation’s businesses, pioneering transportation facilitator Uber Technologies (NYSE: UBER) has seen revenue expectations drop dramatically for the second quarter, yet the well-known ride-sharing company has demonstrated its resourcefulness by continuing to adapt its operations to changes in…

Read More>>

For more information, visit the company’s website at www.Uber.com.

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)

For more information, please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
212.418.1217 Office

NetworkNewsWire is part of the InvestorBrandNetwork.