Uber Adds 2 New Services to the Mix

Last week, Lyft (NASDAQ: LYFT) announced that it was expanding beyond its core ridesharing service in order to help deliver essential items amid the COVID-19 pandemic. That came after years of resisting calls to do so. Meanwhile, larger rival Uber (NYSE: UBER) has offered other services like food delivery for years. As contract drivers struggle due to the wholesale evaporation of ride-hailing demand, Uber this week announced a similar program to deliver essential items like groceries and discretionary items like retail packages.

Here's what ridesharing investors need to know.

Image source: Uber.

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Source Fool.com