Uber Technologies Inc. posted another big loss as the coronavirus pandemic continued to batter its core ride-hailing business, though its shares rose for a second straight day on the back of a key regulatory win in California.
Gross bookings for Uber’s rides declined 53% year-over-year in the three months that ended Sept. 30, the San Francisco-based company said after markets closed Thursday. That was better than the previous quarter, when rides were down 75%.
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This post first appeared on wsj.com
