Uber stock soars as CEO says company is "well positioned" to ride out coronavirus - techbrinks

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Thursday, 19 March 2020

Uber stock soars as CEO says company is "well positioned" to ride out coronavirus


As TechCrunch recounts, Khosrowshahi said Uber has “ample liquidity.” At the end of February, the company had $10 billion in unrestricted cash on hand. Even if global rides drop by 80 percent this year, the company would still be left with $4 billion in the bank.

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