Uber Technologies (UBER) has launched its shared rides under the new name UberX Share, according to Reuters. The renewed service will be operational in Miami for the time being. The announcement pushed shares of the mobility services provider up 4.9% on November 16 to close at $45.76. (See Uber stock charts on TipRanks) With the relaunch, the company targets to bring down previous losses in its pooled rides segment. However, the company did not provide any further details on its expansion plans for shared rides in other cities. Due to the COVID-19 pandemic, the company's previous share ride service, Uber Pool, was suspended in March 2020.
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Uber Technologies (NYSE:UBER)
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