Opinions
Jim Cramer - Mad Money
Lyft
LYFT-Q
DON'T BUY
Oct 10, 2022
Uber vs. Lyft Uber has rebounded from its bottom in late-June and has left behind Lyft. Lyft is down 77% in the past year and Uber 42%. Uber is winning in truck brokerage and food delivery businesses, not just ride sharing. Both reported solid sales in early May, but guidance was dour. Lyft reported driver shortages, but oddly enough Uber said it had no such shortages. A private email by Uber's CEO said it would pivot to become a cash machine. Lyft said this a month later. 29 In August, Uber reported a solid beat. So did Lyft, but its free cash flow came in negative and guidance was mixed. So, shares continued to diverge. Uber can execute and has the right strategy. Also, it's taking more market share. A UBS survey says that drivers prefer Uber, hands down.
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Lyft was founded in 2012 by logan green and john zimmer to improve people’s lives with the world’s best transportation, and is available to approximately 95 percent of the united states population as well as select cities in canada. lyft is committed to effecting positive change for our cities by offsetting carbon emissions from all rides, and by promoting transportation equity through shared rides, bikeshare systems, electric scooters, and public transit partnerships. Social media mentions are up 250% in the past 24h.
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