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The company has two million fewer subscribers than its smaller competitor DoorDash. It raises questions about CEO Dara Khosrowshahi's ability to see through important new initiatives.
Uber insiders say infighting and the CEO's leadership delayed a subscription service, which continues to lag behind competitors.
Rideshare drivers have left due to high gas prices and better gig work for smaller apps. Uber and Lyft's temporary bonuses might not lure them back.
The market for grocery delivery is tightening up and losses are mounting. Competitor Getir is losing upwards of $60 million a month.
The company is giving staff equity that vests a lot quicker. It's a bid to address a plunging stock price and remain more competitive.