https://techcrunch.com/2020/03/20/for-uber-and-lyft-this-week-has-been-a-wild-ride/

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between.

Uber and Lyft have been on quite a ride this year. After enjoying modest gains earlier this year thanks to an improved profitability forecast from Uber, the two companies saw their share prices gain ground after a difficult 2019. Then COVID-19 began to shutter the world, pushing its share prices so low that we recently felt compelled to write about their declines; losses that steep are material and can negatively impact private, on-demand startups as they hunt for new capital or an exit.