Better Buy: Uber vs. DoorDash
Uber (NYSE: UBER) and DoorDash (NYSE: DASH) are fierce rivals in the online food delivery market. Uber Eats, which was launched in 2014 to complement Uber's core ride-hailing business, now operates in more than 6,000 cities across 45 countries. It also acquired Postmates last December to boost its market share in the U.S.
DoorDash, which was launched in 2013, generates most of its revenue in the U.S., but also operates in Canada, Australia, and Japan. DoorDash controlled 57% of the U.S. food delivery market in July, according to Bloomberg Second Measure. Uber/Postmates ranked second with a combined 26% share, while Just Eat Takeaway's Grubhub -- the former market leader -- ranked third with a 16% share.
Image source: DoorDash.
Source Fool.com
