rideshare

Uber shares skidded Wednesday after the company said it was hit with a big loss in the first three months of this year despite a rebound in its ride-share business.Quarterly revenue at Uber's rides unit nearly tripled year on year to $2.5 billion (roughly Rs. 19,066 crore), topping the sum taken in from its food-delivery service for the first time since the pandemic prompted a boom in people ordering meals in. But despite overall revenue more than doubling compared to the same period last year, Uber logged a net loss of…

Logo for Getaround peer-to-peer car sharing service on the side of a car in the Silicon Valley town of Mountain View, California, August 24, 2016.Smith Collection/Gado | Archive Photos | Getty ImagesIn this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later.After a decade during which ultra-low interest rates and abundant market liquidity grew Uber and Lyft into start-up giants and eventual IPOs, the rideshare model is under a great deal of stress.Even with consumers…