Emailed on Monday, November 26,2018.
According to the report by Techcrunch, Uber lost more than $1 billion in Q3. But the revenue rose by 38-40% from last year to around$3 billion.
Ride-hailing is the core business at Uber and company is also now looking into Food delivery business UberEats with strong demand in Asian markets.
Scooters for city commuters is a booming business currently in the US, Europe and China. Bird,Lime like startups grabbing the licenses to run the scooter business in the metro city at cheap riding rate.
Ride-hailing giants including Uber and Lyft are now investing heavily into the Scooter business which is new and unprofitable.
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