San Francisco ride-sharing pioneer Uber hints recovery in rides as lockdown eases

On Wednesday, Uber Technologies Inc., the San Francisco, CA-based American multinational ride-sharing pioneer offering a swathe of online delivery and riding services ranging from peer-to-peer ridesharing, food delivery, ride service hailing alongside a micro-mobility system having e-bikes and scooters, said that its trip requests were gradually picking up all over the world, as a number of countries had lifted up the pandemic-led forced closures, however, the much-bigger rival of the American ride-hailing service provider Lyft Inc., had also added that the percentage of its active user-base had still been significantly lower than prior years.

More importantly, the Uber Technologies Inc. Chief Executive, Dara Khosrowshahi said in a conference with the Bank of America analysts on Wednesday that the ride-hailing pioneer’s trip requests were down by 70 per cent compared to the same time a year earlier, up from an 80 per cent drop in requests reported on April.

Uber regains footings gradually on a week-on-week basis

Aside from that, adding that the American multinational ride-hailing pioneer, widely contemplated as one of the closely observed crown jewels in the Silicon Valley, had been witnessing an uptick in online food delivery orders at its Uber Eats in the first quarter with no signs of slowdown thus far, Uber Chief Executive Khosrowshahi was quoted saying in the conference with Bank of America analysts that the company’s ride-sharing business was accelerating gradually on a week-over-week basis.

Besides, Khosrowshahi had also added in his statement on Wednesday that the ride-hailing giant had recovered nearly four-fifth of its customer-base in the Asia’s largest financial HubSpot Hong Kong from its pandemic-driven lows.

Concomitantly, Uber Technologies Inc.’s Wednesday’s statement came forth a day after its much-smaller rival Lyft Inc. had also signalled a rebound in riders saying the ride-sharing platform’s trips were shot up 26 per cent in May from a pandemic-led record low in April.

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