Throughout the pandemic, the number of individuals going to and from places decreased, and with it so did passengers using ride-hailing apps. Uber Technologies, Inc. (UBER) also saw its driver supply decline, and has since been attempting to attract drivers, in line with the reopening-induced increased demand. Meanwhile, Uber has recently hiked its average ride price, something consumers appear to have digested. (See Top Smart Score Stocks on TipRanks)   Providing his bullish hypothesis on the mobility and delivery company is Brad Erickson of RBC Capital Partners, who wrote that Uber’s price increases have actually resulted in passengers taking shorter trips, and thus drivers are able to increase their bookings per hour.
https://www.tipranks.com/news/article/uber-gaining-from-high-prices-and-high-demand?utm_source=advfn.com&utm_medium=referral
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