Uber’s food delivery business outshines core rides service
Uber’s food delivery business brought in more money during the third quarter than its signature rides businessBy CATHY BUSSEWITZNovember 5, 2020, 9:30 PM• 2 min readShare to FacebookShare to TwitterEmail this articleUber's food delivery business brought in more money during the third quarter than its signature rides business , showing just how much consumer behavior has changed — and how far the company has adapted — since the pandemic struck.The San Francisco-based ride-hailing company lost $ 1.09 billion in the third quarter as many customers continued to stay out of shared vehicles.Uber brought in $ 3.13 billion in revenue, down 18% from the same time last year. Its mobility business, which includes ride-hailing, scooters and bikes, brought in $ 1.37 billion during the quarter, down 53%...