Ride-sharing company, Lyft (LYFT), has significantly increased its active rider base and revenue. Hence, it could be a solid investment in this bear market. Lyft's growth strategy has expanded into new markets and offered food delivery, bike-sharing, and scooter-sharing services. This strategy has allowed Lyft to compete effectively with Uber (UBER), which operates in these sectors, but not as aggressively. Lyft operates in the U.S. and Canada only. It has a delivery platform for its drivers to pick up food, retail products, and auto parts for customers.
https://www.tipranks.com/news/article/lyft-continues-to-gain-on-uber-in-crucial-areas?utm_source=advfn.com&utm_medium=referral
Uber Technologies (NYSE:UBER)
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Uber Technologies (NYSE:UBER)
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