Uber withdraws its 2020 financial steerage, will write down $1.9B-$2.2B on value of some equity investments due to pandemic, lockdowns; stock up 8%+ after hours (Jordan Novet/CNBC)

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Jordan Novet / CNBC:

Uber withdraws its 2020 financial steerage, will write down $1.9B-$2.2B on value of some equity investments due to pandemic, lockdowns; stock up 8%+ after hours  —  – Uber has holdings in Didi and Grab, amongst different belongings.  — The firm misplaced $8.51 billion final yr.