Uber Withdraws Forecast and Will Write Down About $2 Billion
A driver adjusts his face mask as Uber and Lyft drivers conduct a ‘caravan protest’ outside the California Labor Commissioner’s office amidst the coronavirus pandemic in Los Angeles on April 16.
Photographer: Mario Tama/Getty Images
This article is for subscribers only.
Bloomberg’s daily technology newsletter is chronicling the impact of Covid-19 on the global tech industry. Sign up here.
Uber Technologies Inc. withdrew its financial guidance for 2020 and said it will write down about $2 billion in investments after the coronavirus pandemic upended the ride-hailing business.