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Uber Delivery Accelerates as Rides Growth Slows

Uber’s delivery business saw strong acceleration in the third quarter, giving investors a reason to look past slower growth in its signature ride-hailing business. Ygal Arounian, managing director at Wedbush, discusses why the slowdown in the rides business wasn't too concerning and how Uber can continue to compete in grocery delivery even after a tie-up between rivals DoorDash and Instacart. He speaks with Carol Massar on "Bloomberg Tech." (Source: Bloomberg)

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BloombergLean L·2h ago
Uber Delivery Accelerates as Rides Growth Slows
Uber’s delivery business saw strong acceleration in the third quarter, giving investors a reason to look past slower growth in its signature ride-hailing business. Ygal Arounian, managing director at Wedbush, discusses why the slowdown in the rides business wasn't too concerning and how Uber can continue to compete in grocery delivery even after a tie-up between rivals DoorDash and Instacart. He speaks with Carol Massar on "Bloomberg Tech." (Source: Bloomberg)
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Uber Delivery Accelerates as Rides Growth Slows

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Uber Delivery Accelerates as Rides Growth Slows

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