Amazon: The company paused plans to build a second headquarters in Virginia, the latest reminder of the tech industry’s slowdown and the pandemic’s toll on in-office work.Those working on such projects were hit hard in recent layoffs. Bad Bets: Big tech companies have long been willing to fund efforts with no obvious payoff.But mixing ride-hailing with their own services has left some city officials uneasy. Uber has pitched itself as being able to provide cheaper and more flexible transportation, especially in locations where public transit is scant. “When you’re taking your phone out of your pocket and deciding where to go, we want to be the first place that you go to,” said David Reich, an Uber director who heads the team that the company formed last year to focus on public transportation. On Thursday, Uber is scheduled to report its latest earnings, including an estimated quarterly loss of nearly $5 billion and declining revenue growth.

The push is now being championed by Dara Khosrowshahi, its chief executive, to turn the company into the “ Amazon of transportation.” In that vision, Uber would become a one-stop shop for car, bike, scooter, bus and train trips.ĭoing so would help Uber draw more riders, especially as the company faces questions from Wall Street about whether it can make money and revive its once red-hot growth rate. Since 2015, Uber has inked more than 20 transit deals.

Apps like uber in dallas