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Uber says ride volume is down by ~70% in cities like Seattle, it has “ample liquidity” with $10B in cash, and is considering delivering medicine; stock up 35%+

Ingrid Lunden / TechCrunch :

TechCrunch Ingrid Lunden

Discussion

  • @andyjayhawk Andrew J. Hawkins on x
    this is local but interesting: Uber says it will stop limiting drivers' access to the app in NYC in response to coronavirus Uber has been blocking some drivers from signing since last summer in compliance with the city's minimum wage rules https://twitter.com/...
  • @geekwire @geekwire on x
    Uber has seen a 60% to 70% decline in bookings in Seattle in the past few days and is preparing for an “absolute lockdown/shutdown” of the city lasting at least two months. Read more: http://geekwire.com/...
  • @juliaferraioli Julia Ferraioli on x
    Why not use that..."ample liquidity"...to PAY YOUR DRIVERS in these cities, instead of limiting your assistance with absurd requirements? https://techcrunch.com/...