04-11-2019 16:09 via feedproxy.google.com

Uber is under pressure to turn around its 'horror show' after Lyft had a stellar quarter (UBER, LYFT)

Uber was set to report earnings on Monday after Lyft set a high bar last week.
While Uber continues to invest heavily in areas like self-driving cars and flying taxis, Lyft cut costs with its singular (and US-only) ride-hailing focus.
To make things worse for Uber, new data shows Lyft may be gaining on it in the US.
"Since going public, Uber has been a horror show," one Wall Street analyst said of the stock's 25% decline. Lyft is still down by even more, at 45%.
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