Why Uber and Lyft rallied last week

Why Uber and Lyft rallied last week

4 years ago
Anonymous $-9GJQVHNr8

https://techcrunch.com/2020/05/11/why-uber-and-lyft-rallied-last-week/

Heading into earnings season, you might have expected Uber and Lyft to suffer.

After all, global travel slowed toward the end of Q1, so how could these companies have done well? Continuing the same line of thinking, given that they are both unprofitable and are valued more on growth than trailing earnings, with growth slowing would there be much to celebrate?

Why Uber and Lyft rallied last week

May 11, 2020, 8:21pm UTC
https://techcrunch.com/2020/05/11/why-uber-and-lyft-rallied-last-week/ > Heading into earnings season, you might have expected Uber and Lyft to suffer. > After all, global travel slowed toward the end of Q1, so how could these companies have done well? Continuing the same line of thinking, given that they are both unprofitable and are valued more on growth than trailing earnings, with growth slowing would there be much to celebrate?