Uber sees $1.5 billion loss on ride-hailing revenue plunge

SAN FRANCISCO (AFP) - Uber on Thursday (Nov 5) reported that it lost US$1.1 billion (S$1.5 billion) in the recently ended quarter as the pandemic walloped its ride-hailing business, but boosted its food delivery service. Revenue in Uber's mobility unit was down 53 per cent from the same quarter last year, while money taken in from...