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Results show loss-making Uber in need of a Lyft

Shares in upmarket taxi service Uber fell as much as 10% in early trading yesterday after the company missed most Wall Street targets in its quarterly earnings report, in sharp contrast to upbeat numbers from US rival Lyft a day earlier.

Results show loss-making Uber in need of a Lyft

Sat, 10 Aug, 2019 - 08:15

By Supantha Mukherjee

Shares in upmarket taxi service Uber fell as much as 10% in early trading yesterday after the company missed most Wall Street targets in its quarterly earnings report, in sharp contrast to upbeat numbers from US rival Lyft a day earlier.

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