UBER - This Key Advantage Makes Uber the Gig-Economy Stock to Own
Uber (NYSE: UBER) has fully recovered from the COVID-19 pandemic. However, the same cannot be said of its chief rival, Lyft . The two ride-sharing companies reported drastically different sets of third-quarter results earlier this month. The trend shows Uber is taking market share from its smaller rival.
There's one key advantage that is giving Uber the ability to grow its ridership faster than Lyft, and that advantage could also help it take on competitors in the delivery space, among others.
In 2019, Uber decided to integrate Uber Eats, its food delivery service, into its main ride-sharing app. That move telegraphed much about the company's longer-term strategy.
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This Key Advantage Makes Uber the Gig-Economy Stock to Own