Airbnb (NASDAQ: ABNB) and Lyft (NASDAQ: LYFT) both disrupted mature markets with their streamlined services. Airbnb challenged hotels with its short-term rentals, and Lyft challenged taxis with its ride-hailing app.
Inflation, rising interest rates, and other macro headwinds have kept the bulls away from both growth stocks. But over the past 12 months, Airbnb's stock price only declined 10% as Lyft's stock crashed by nearly 60%.
Let's see why Airbnb withstood the market downturn better than Lyft, and if it will remain the more resilient growth stock over the next few quarters.
Source Fool.com