Technology

Uber is bouncing back from the pandemic faster than Lyft

Uber is bouncing back from the pandemic faster than Lyft

Uber had a successful first quarter of 2022 by some measures, as it more than doubled its revenue year-over-year to $6.85 billion. Increased demand for rides following the Omicron surge played a role, as did higher ride prices due to a shortage of drivers. The company reported that riders took 1.71 billion trips last quarter, an increase of 18 percent from the first three months of 2021.

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