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InvestorNewsBreaks – Uber Technologies Inc. (NYSE: UBER) Featured in Analysis Report
February 23, 2024

InvestorNewsBreaks – Uber Technologies Inc. (NYSE: UBER) Featured in Analysis Report

Uber (NYSE: UBER) was featured in a recent analysis report that discussed the company’s bold strategy to ambitiously venture beyond ride sharing into the broader logistics and delivery sectors. According to the report, the strategy is working and handily places the company in a league of its own. “This move sets it starkly apart from Lyft, which continues to concentrate solely on passenger transport. LikeFolio data sheds light on the growing divide between Uber and Lyft, who increasingly appear to be operating in different universes. Uber’s web traffic has grown by 6% year-over-year, while Lyft has seen a 22% decline. Even more telling is the customer sentiment score, where Uber leads by 3 points. These figures represent Uber’s successful bid to engage customers beyond its original ride-sharing service. Not to mention UBER is actually profitable while LYFT is not,” reads the report, written by LikeFolio Founder Andy Swan. “Over the past year, Uber’s shares have climbed an impressive 116% in stark contrast to Lyft’s 12% decline… Uber’s long-term growth trajectory appears positive, despite a lack of visible operational efficiencies…”

About Uber Technologies Inc.

Uber’s mission is to create opportunity through movement. Uber started in 2010 to solve a simple problem: how to access a ride at the touch of a button? More than 44 billion trips later, the company is building products to get people closer to where they want to be. By changing how people, food and things move through cities, Uber is a platform that opens up the world to new possibilities.

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