Uber is doing 70 percent fewer trips in cities hit hard by coronavirus

Uber took stock of the effect the coronavirus outbreak has had on its business in a call with investors on March 19th, and the early numbers are pretty grim. The company’s ride volume in Seattle, a city hit hard by the novel coronavirus, is down by 60-70 percent, the company’s CEO Dara Khosrowshahi said.

And while the company didn’t release exact numbers for other cities, Khosrowshahi says they are assuming similar declines in other big markets that have also been affected, including San Francisco, Los Angeles, and New York City.

“We are seeing a similar pattern — if I plot curves, there’s a difference in timing — but the curves in SF, LA, NYC are looking similar in shape,” Khosrowshahi said, “and my guess is some of them will be...

Continue reading…