Uber posted its first-ever operating profit last quarter, a milestone in its long efforts to shed losses in its businesses carrying people and delivering food
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Ride-hailing and delivery businesses grew in the second quarter, though freight shrankYour average Uber or Lyft ride cost 50% more this summer than before the pandemic. But prices were inching up even before lockdowns began. Here’s what drove ride-share prices through the roof, and how the companies are working to bring them back down. Composite photo: David Fang/WSJ
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