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Nawal
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SELF • 1y
‼️ Uber vs. Lyft: The Mobility Showdown Continues in USA Ride-hailing giants Uber and Lyft continue their battle for dominance in the mobility service market. In Q1 2024, Uber maintained its lead with $10.1 billion in revenue and $37.7 billion in gross bookings, while Lyft trailed at $1.3 billion revenue and $3.7 billion in bookings. However, Lyft’s stronger Q2 forecast led to a stock jump, while Uber’s weaker outlook caused a dip. Notably, Uber’s mobility segment accounted for only half its total bookings as it expands into freight and delivery worldwide. Despite improving financials, drivers remain disgruntled—thousands went on a nationwide strike on Valentine’s Day protesting Uber, Lyft, and others, following a similar strike last May. As the mobility market evolves, the rivalry and tensions between these tech giants and their gig workforce show no signs of letting up. What's your insight over this face off ‼️
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