Uber Stock Approaches Record High
- 4 years ago
On Friday, Uber's stock price surged as much as 8%.
The leap follows its third-quarter results.
According to Business Insider Uber revealed a mixed recovery, with delivery continuing to help make up for a pandemic-induced slump.
Executives said they still aim to be profitable on an adjusted basis next year.
California's Prop. 22, which passed this week, was a decisive win for the company in its long-running labor battle.
Prop. 22 allows Uber to treat workers as independent contractor in exchange for benefits and guarantees.
The leap follows its third-quarter results.
According to Business Insider Uber revealed a mixed recovery, with delivery continuing to help make up for a pandemic-induced slump.
Executives said they still aim to be profitable on an adjusted basis next year.
California's Prop. 22, which passed this week, was a decisive win for the company in its long-running labor battle.
Prop. 22 allows Uber to treat workers as independent contractor in exchange for benefits and guarantees.