We have all heard of the financial woes of Uber. As far as ridership, Covid 19 has meant few people taking rides, especially here in the US.
According to a recent article by investor.uber.com, Uber had a net loss of $968 billion last year. However, Uber did see its gross bookings(Uber rides) increase by 16% in Q4 over Q3. Riders are starting to come back online. This growth was mostly seen in South America and the few remaining Asian countries where Uber still exists like Singapore.
As Covid-19 vaccinations increase over the next several months one can expect the economy to improve. According to USAToday, the US economy is due for a bounce back. With an improved economy, one can expect ridership will increase here at home, let’s hope!
Next week: Uber may bring ‘Prop 22’-style gig work standards to the EU