Uber Incurs A Loss Of $1.1billion Due To The Pandemic.

Uber Suffers A Big Loss Due To Pandemic.

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Chief Executive Officer Uber Technologies Inc , Dara Khosrowshahi.

Uber on Wednesday suffered another serious loss in the last three months of 2020, although the company’s food delivery operations partially offset the success of the death they were sharing during the pandemic.

That compensation allowed a loss of $ 968 million to be slightly reduced from $ 1.1 billion in the same period a year earlier, according to Uber. Revenue for the quarter was $ 3.2 billion, down 16% from the same period last year.

“Although 2020 unnecessarily tested our resilience, it also dramatically accelerated our capabilities in local trade,” said Uber CEO Dara Khosrowshahi. Uber announced earlier this month that Drizly, a startup that specializes in delivering beer, wine and alcohol, had $ 1.1 billion available and would integrate with Uber Eats.

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Both companies have said it will become a subsidiary of Drizly Uber, which operates in 1,400 U.S. municipalities and a Canadian province, and its services will be available through Uber Eats and separate Drizly apps. Last year, Ibero introduced a food delivery service through another Cornershop purchase.

“Uber’s continued expansion of alcohol and food delivery is helping to capture consumer spending even further, in two large, rapidly digitizing markets,” Haggstrom said. Khosrowshahi appeared optimistic on the way to Uber that new users who won restaurant meal delivery services would share the trip after the pandemic of life as a customer conversion.

Joby will use Uber’s experience and software, and his ability to deliver electric, vertical, and giant landing aircraft for take-off and take-off passenger aircraft.

Although the financial terms of the deal were not disclosed, Uber made a $ 75 million investment in Joby in Santa Cruz, and said he expects a few flying taxis to be up and running by 2023.

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Uber closed sales of its autonomous car division in January to Amazon and Hyundai-sponsored Aurora, a 26 percent stake in the startup that develops Uber’s driving technology. Under the agreement, Uber and Aurora have teamed up.

The company hopes to initially use self-driving technology for long-haul trucks. Uber Freight, as it joins truckers and carriers, is also among the most popular among cyclists in the passenger app. In the last quarter of last year, it was up 43 percent from $ 313 million.

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