[jariel]

Unfortunately, none of these facts necessarily line up to support your claim.

Uber Eats does not have 'billions' - Uber does. The 'cost' of that market share is unknown - who is subsidising and by how much more?

Maybe 'Uber Eats' is a 'marginal strategy' in that they can leverage the slack time of their drivers into doing something else.

Market Share varies from country to country.

They may actually be using their $ to gain market share right now, why would you imply otherwise.

Their layoff could be for any number of reasons: convenient opportunity to trim the fat, close down some projects and do a 'one time writeoff', it maybe mostly just a covid reality. It's possible they are laying off more heavily in areas that don't have Uber Eats.

Billions in the Bank is not for a 'rainy day' it's for any and all sorts of things.

It would take some specific information with respect to Uber Eats to see how well they were doing with it.