Uber Technologies has announced a further slowdown in its core taxi business based on its app.
This information became known from the company's latest quarterly financial report, recently published. According to the report, Uber's profits in this sector were below expectations, indicating ongoing difficulties with business recovery post-pandemic.
"We see that our core business model continues to face challenges due to the long-term changes in consumer behavior," the company emphasized.
Uber explained that despite an increase in demand in certain regions, the overall number of rides is still lower than before the pandemic. This led to a decline in the company's financial results and a drop in shares in the stock market.
Company representatives also noted that they continue to seek new opportunities for diversifying their business and strengthening their positions in the market.
