MarketWatch First Take: Uber admits that ride-hailing is worth less because of coronavirus, but investors still think Uber is worth more

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Uber Technologies Inc. admitted Thursday that the COVID-19 pandemic makes ride-hailing companies less valuable, but investors still added billions to Uber’s valuations anyway.

Uber Technologies Inc. admitted Thursday that the COVID-19 pandemic makes ride-hailing companies less valuable, but investors still added billions to Uber’s valuations anyway.