Lyft (LYFT-Q)

It's handling this choppy reopening (i.e. driver shortage) better than Uber. On Friday, a California court just struck down the appeal which states that drivers are freelancers (they are employees, says the judge), so the cost of rides in CA will soar. Despite that, Lyft rebounded today 3% though down more than 15% so far this year. He thinks the stock has bottomed.

He suspects drivers will get more expensive, which will raise Lyft's costs. He bases this from what Doordash said last night about a driver shortage. That said, Lyft popped 3% today. Keep an eye on Monday if/when analysts raise their price targets.

This and Uber benefited from California voters rejecting proposition 22 which would have classified their drivers as employees, which would have increased their costs. Lyft shot up today.

Lyft went public just before Uber, and it's well below. It's profitless prosperity. You can get money from investors regardless of making money, without even having potential to make money but at one point the game will be up.