BRIEF-Uber Announces Several Decisions With Respect To Uber Eats’ Operational Footprint
- Country:
- Argentina
Uber: * UBER - ANNOUNCED SEVERAL DECISIONS WITH RESPECT TO UBER EATS’ OPERATIONAL FOOTPRINT
* UBER - WOULD DISCONTINUE UBER EATS OPERATIONS IN CZECH REPUBLIC, EGYPT, HONDURAS, ROMANIA, SAUDI ARABIA, URUGUAY & UKRAINE BY JUNE 4 * UBER - WOULD TRANSFER UBER EATS BUSINESS OPERATIONS IN THE UNITED ARAB EMIRATES TO CAREEM
* UBER - UBER RIDES OPERATIONS IN CZECH REPUBLIC, EGYPT, HONDURAS, ROMANIA, SAUDI ARABIA, URUGUAY AND UKRAINE ARE NOT AFFECTED * UBER - CONSUMERS, RESTAURANTS USING UBER EATS APP IN UAE WILL BE TRANSITIONED TO THE CAREEM PLATFORM IN COMING WEEKS
* UBER - DISCONTINUED, TRANSFERRED MARKETS REPRESENTED 1% OF EATS GROSS BOOKINGS AND 4% OF EATS ADJUSTED EBITDA LOSSES IN Q1 2020 * UBER - WILL LOOK TO REINVEST SAVINGS IN PRIORITY MARKETS WHERE CO EXPECTS A BETTER RETURN ON INVESTMENT Source text :(https://bit.ly/2W0GpnB) Further company coverage:
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