US Uber Drivers Gradually Return To Work: Reuters

33,000 drivers joined the Uber Technologies Inc UBER platform during the May 17 week, posting a week-on-week active driver hour growth of 4.4%, Reuters reports. It had led to a moderate reduction in the passenger wait period.
Uber reported 209,000 quarterly drivers through 2019 end in California.
According to Uber's statement, the drivers were returning to capitalize on higher earnings opportunities from the ride-hailing platform's driver stimulus.
Uber is trying to win back drivers through COVID-19 vaccine partnerships. It had previously announced plans to invest $250 million to boost driver earnings and offer payment guarantees.
Uber fares in April surged 40% year-on-year due to demand-supply mismatch, Business Insider reports. It rose to 50% during surge pricing periods.
Price action: UBER shares traded lower by 0.89% at $50.38 in the premarket session on the last check Tuesday.

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