Better Growth Stock: Uber Technologies vs. Airbnb

(NYSE: UBER) and Airbnb (NASDAQ: ABNB) both disrupted legacy industries with their streamlined digital platforms. Uber's ride-hailing platform challenged the traditional taxi business, while Airbnb simplified short-term rentals in a move to compete with hotels.

When I compared these two disruptors in April 2022, I concluded that Airbnb's simpler business model and resistance to macroeconomic headwinds made it a better investment than Uber. But in the time since I made that call, Airbnb's stock has fallen by 11% while Uber's stock surged 95%. Let's see why Uber defied my expectations and outperformed Airbnb by such a wide margin -- and if that trend will continue over the next 12 months.

Image source: Getty Images.

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Source Fool.com