News

YipitData: average Uber and Lyft fares in the US hit a record high in April, as they drew ~20% fewer riders and 35% fewer trips in Q1 2022 compared to Q1 2019 (Preetika Rana / Wall Street Journal)

YipitData: average Uber and Lyft fares in the US hit a record high in April, as they drew ~20% fewer riders and 35% fewer trips in Q1 2022 compared to Q1 2019  —  The companies are cutting costs, bringing back cheaper rides and looking for new ways to woo drivers Source

READ ALSO  Xiaomi beats estimates with ~$10.9B in Q1 revenue, down 4.6% YoY for its first-ever decline, and an ~$87M net loss as China's lockdown cripples smartphone sales (Bloomberg)

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button