Ride-sharing looks like a winner-take-all market, and Uber is winning big.
Lyft (LYFT -3.43%) is having financial trouble just as Uber (UBER -2.03%) is getting its financial house in order. As Travis Hoium highlights in this video, there may be room for only one ride-sharing company, and Uber looks like the winner long term.
*Stock prices used were end-of-day prices of May 1, 2023. The video was published on May 2, 2023.
Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Uber Technologies. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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