Why I'm Avoiding Uber and Lyft Stocks Like the Plague in July
Uber (NYSE: UBER) and Lyft (NASDAQ: LYFT) are two ride-share giants whose stocks have seen a spectacular performance, up 50% and 96% year over year. But don't be fooled by the rally -- the golden age of investing in their stocks is quickly coming to an end.
The onset of the pandemic brought attention to fundamental problems as to how Uber and Lyft make money -- and the details aren't very encouraging. Let's look at why investors should steer clear of their paths at all costs.
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Source Fool.com
