Uber’s global ride-sharing business is experiencing a slow recovery due primarily to its market in the United States. “Ride bookings were dragged down by a slow recovery particularly on the U.S. West Coast, while Europe and the Middle East recovered more steadily, down only 36% from last year,” said Reuters. The first and second waves of the pandemic have been difficult for ride-sharing/hailing businesses, and customers that do return appear more price-sensitive. (Source: Reuters) Read the originals article…
