By Michael Dabaie

 

Uber Technologies Inc. said it is resuming shared rides, which the company paused in 2020.

Uber shares were up 2.5% to $22.35 in premarket trading.

The company said in a blog post that UberX Share is available in cities across the U.S., including New York City, Los Angeles, Chicago, San Francisco, Phoenix, San Diego, Portland, Indianapolis and Pittsburgh.

The company said it plans to expand UberX Share to more cities this summer.

"Our pooling product has long been a rider favorite," the company said in a blog post by Andrew Macdonald, senior vice president of mobility and business operations. "We believe UberX Share, and the improvements we've made for drivers and riders, will make it better than ever."

Lyft said in a blog post from May that it was returning shared rides to more markets, rolling out in San Francisco, San Jose, Denver, Las Vegas and Atlanta, joining existing Shared markets including Philadelphia and Miami. The company said at the time that additional shared markets are returning in phases through 2022. Lyft said in mid-2021 it was reintroducing the ride option.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

(END) Dow Jones Newswires

June 21, 2022 09:25 ET (13:25 GMT)

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