Uber Rides Decrease 94%04/15/2020
Uber's core ride-hailing business has taken a hit as the coronavirus continues to cause more people around the world to stay inside.
According to data from Israeli firm Super Fly, in the four weeks after the January outbreak, rides decreased as mush as 94% in the United States alone. In mid March, Uber CEO Dara Khosrowshahi said that high impact areas like Seattle were experiencing a 60% to 70% decrease in bookings.
Prior to shutting down its service in India, rides in the country had decreased 70%.
Shares of both Uber and Lyft have fallen since the outbreak began in the U.S. in January.
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