Expansion of its Delivery operations and a recovery in the Mobility business are boosting Uber Technologies (UBER). However, a rise in total costs and expenses is a headwind.
There have been two distinct waves of tech layoffs amid COVID-19, according to Layoffs.fyi creator Roger Lee.
Uber’s investment in Chinese ride-hailing company Didi has outlived its usefulness. Didi’s share price may have jumped nearly 50 per cent this month following reports that a Chinese government probe is coming to an end. In 2016 Uber sold its Chinese operations to Didi in return for an 18.8 per cent stake — a deal valued at about $7bn at the time.