Uber and Lyft Report Record Rides, Stocks Move in Opposite Directions

Uber and Lyft Report Record Rides, Stocks Move in Opposite Directions
A sign marks a rendezvous location for Lyft and Uber users at San Diego State University in San Diego on May 13, 2020. Mike Blake/Reuters, File Photo
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News Analysis

Uber Technologies and Lyft both saw ridership gains in 2024, but Uber seems to be winning the race on Wall Street, as its shares have gained more than Lyft’s.

Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”