Uber Technologies is winning over Lyft Inc. on Wall Street. Its stock is soaring, outperforming the broader market, while Lyft's stock lags far behind. Over the last five years, Uber's shares are up 84.7%, beating the S&P 500 by a slight margin, while Lyft's stock is down 67.2%. But the game may not be over.
Uber and Lyft are in the right market at the right time. The market is ride-hailing, which has been changing riders' lives worldwide. The two young companies' apps and network of drivers make riding around cities and suburbs easy, convenient, and efficient. The time is the post-COVID-19 period when traveling is soaring, and ride-hailing services are reaching the tipping point.
