Uber sees driver cost rising as U.S. economy recovers

FILE PHOTO: An Uber logo is seen during the global outbreak of the coronavirus disease (COVID-19), in Redondo Beach, Los Angeles, California, U.S., November 2, 2020. REUTERS/Lucy Nicholson

(Reuters) -Uber Technologies Inc signaled it would pay drivers more to get cars back on the road as the U.S. economy recovers from the pandemic and disclosed a $600 million charge to provide UK drivers with benefits, a sign of the potential costs if the United States requires more driver compensation.

Shares of Uber were down 4.6% in after-hours trade. The stock fell 3.4% during the regular session after the Biden administration blocked a Trump-era rule affecting gig workers.