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.

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