Uber says rides down by as much as 70% in cities hardest hit by Coronavirus, looks at delivering meds

Uber says rides down by as much as 70% in cities hardest hit by Coronavirus, looks at delivering meds

4 years ago
Anonymous $9CO2RSACsf

https://techcrunch.com/2020/03/19/uber-coronavirus-update/

Uber — the on-demand transportation and food delivery behemoth — has been hit hard by the novel coronavirus pandemic. CEO Dara Khosrowshahi said today in a call with investors that ride volume has gone down by as much as 70% in the hardest-hit cities like Seattle, and that’s before you consider the pauses in some of its services, and the dubious distinction of becoming one of the earliest proof-of-concepts of just how spreadable this virus really is.

But Khosrowshahi also told investors in an update that the company believes it is “well-positioned” to ride the troubles out even in the worst-case scenario of rides down by 80% for the year. And even as rides for passengers are down, it is also considering leveraging its network for delivering other things, such as medicine or basic goods.

Uber says rides down by as much as 70% in cities hardest hit by Coronavirus, looks at delivering meds

Mar 19, 2020, 3:30pm UTC
https://techcrunch.com/2020/03/19/uber-coronavirus-update/ > Uber — the on-demand transportation and food delivery behemoth — has been hit hard by the novel coronavirus pandemic. CEO Dara Khosrowshahi said today in a call with investors that ride volume has gone down by as much as 70% in the hardest-hit cities like Seattle, and that’s before you consider the pauses in some of its services, and the dubious distinction of becoming one of the earliest proof-of-concepts of just how spreadable this virus really is. > But Khosrowshahi also told investors in an update that the company believes it is “well-positioned” to ride the troubles out even in the worst-case scenario of rides down by 80% for the year. And even as rides for passengers are down, it is also considering leveraging its network for delivering other things, such as medicine or basic goods.