Despite Pandemic-Fueled Food Delivery Boom, Uber Lost $5.8 Billion in 2020

  • By cvbizz
  • November 6, 2020
  • 0

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You’re not the only one having a roller coaster of a week. On Tuesday, California voters handed San Francisco-based Uber a big ticket victory, agreeing that the gig-worker-contingent company needn’t offer its food delivery and ride-hailing drivers employee protections. It’s a decision that will save Uber millions, and sent its stock soaring by 15 percent, the highest jump it’s seen since well before the company announced its acquisition of SF-based competitor Postmates for $2.65 billion. But on Thursday, Uber announced

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