Uber Resumes Ridesharing In Some Cities, Makes It More Attractive - Uber Technologies (NYSE:UBER)

Uber Technologies, Inc UBER has resumed shared rides in selected U.S. cities after pulling the service in March 2020 due to the Covid-19 pandemic.
UberX Share, which allows riders to share a car with riders for a discount, is available in New York City, Los Angeles, Chicago, San Francisco, Phoenix, San Diego, Portland, Indianapolis, and Pittsburgh.
Uber looks to expand to other locations during the summer.
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The move aims to help Uber deal with the surging fares due to a driver shortage and counter the present slowdown.
Lyft, Inc LYFT resumed shared rides to Philadelphia and Miami in 2021 and looked to expand to San Francisco, San Jose, Denver, Las Vegas, and Atlanta, CNBC reports.
UberX Share riders will get an upfront discount and up to 20% off the total fare on matching a co-rider.
UberX Share riders will reach their destination 8 minutes later than a private Uber.
Uber has limited UberX Share rides to a total of two passengers.
Price Action: UBER shares traded higher by 0.18% at $21.83 premarket on the last check Tuesday.
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