Uber riding high on cash, share price up 34 percent

March 19, 2020 | 06:48pm

Uber Technologies has plenty of cash on hand to get through the coronavirus crisis and is seeing growth in businesses other than ride-hailing, CNBC reported on Thursday citing a conference call by Chief Executive Officer Dara Khosrowshahi. The company’s shares were trading up nearly 34 percent in the early afternoon on Thursday, at $19.80. Uber …

The company’s shares were trading up nearly 34 percent in the early afternoon on Thursday, at $19.80.

Uber did not immediately respond to a request for comment.

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Uber riding high on cash, share price up 34 percent

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