Uber has withdrawn its financial guidance for 2020, telling shareholders it’s “impossible to predict with precision” just how badly the coronavirus pandemic will impact its bottom line. The seminal ride-hailing firm also warned that its revenue for Q1 2020 will shrink by anywhere from $17 to $22 million, and by an estimated $60 to $80 million in Q2. [Read: Uber launches a ‘Work hub’ to help drivers find alternative jobs as rides slow down] This was due to initiatives it recently launched to ease the effects of the pandemic, including a financial assistance program for Uber drivers and delivery people. Uber…
This story continues at The Next Web
Or just read more coverage about: Uber
from The Next Web https://ift.tt/2VG08HI
