What was the percentage decline in revenues between Q4 and Q1?
Uber Reports First-Ever Decline in Rides Booked, Business Drops by 80%
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Business, Social Studies
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University
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Hard
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The video discusses Uber's first-ever decline in its ride-hailing business, offset by growth in Uber Eats, bringing the company closer to profitability. It highlights the impact of lockdowns on ride-sharing, with signs of recovery in places like Hong Kong. The video also covers Uber's financial performance, noting a rare instance where cost reductions outpaced revenue declines, and the company's confidence in breaking even by 2021.
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What confidence did the company give regarding breaking even in 2021?
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