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Uber Rideshare Revenue Ticking Upwards After Dramatic Fall [Yahoo! Finance News]

Uber Technologies, Inc. (UBER) 
Last uber technologies, inc. earnings: 2/6 04:05 pm Check Earnings Report
View photosUber Rideshare Revenue Ticking Upwards After Dramatic FallIf you are desperate for any glimmers of hope despite much of the economy tanking, then consider that Uber’s rideshare revenue in the United States increased an estimated 52 percent last week compared with a week earlier.That’s according to information Skift obtained from Tel Aviv-based consumer data companySuperfly InsightsUber rideshare revenue had jumped 10.2 percent during the week ending April 12 versus the week that closed April 5, Superfly found.Estimate of Uber U.S. Rideshare Revenue Percentage Change 2/3-4/19/2020Superfly Insights CEO Jonathan Meiri said it wouldn’t be prudent to overplay the significance of a two-week trend, adding that it would take many weeks of 50 percent growth for Uber rideshare revenue to recover to a peak in the last week of February.“Uber was the canary in the coal mine for entering Covid and the financial collapse that ensued,” Meiri said. “Like the infamousBig Mac IndexUber didn’t Show less Read more
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