Despite starting out as similar businesses, Uber and Lyft have only grown further apart as Uber has expanded beyond giving people rides while Lyft has focused on it.
Despite starting out as similar businesses, Uber and Lyft have only grown further apart as Uber has expanded beyond giving people rides while Lyft has focused on itDiversification is something you hear a lot when it comes to investing because it can help to bring down risk. In Uber’s case, diversification of its business into food and grocery delivery and freight has helped it to weather the past two years better than its primary competitor.Both platforms saw their U.S.
Total active drivers during the first quarter for Lyft, which only operates in the U.S. and Canada, were up by more than 40%, Lyft CEO Logan Green told analysts yesterday.Despite the picture that Uber painted for investors, shares still sank about 4.6% today and have been down 36% year to date.
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