Uber stock price (NYSE:UBER) gained 20% in May 2020 (decreased in June)

Wise

Electoral Member
Mar 3, 2019
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Fortunately, shares of Uber (NYSE:UBER) gained 20% in May 2020. The stock gains have much to do with "better than expected" first-quarter sales. There is also the direction of the wider market. However, for the month of June 2020, uber stock decreased. The ride-sharing market seems to be rebounding from challenges created by the novel coronavirus Covid-19. Uber company is sure trying to increase Uber market share. Some of the top competitors of Uber are: Lyft, Ola, DiDi, Grab, Bolt, Yandex.Taxi, Gett, Curb, Bird and LimeRoad.

Many customers are thinking about whether to use Uber or Lyft. Uber stock (NYSE: UBER) did fall (as many other stocks also fell) since early February after the WHO declared the Coronavirus Covid-19 a global health emergency. Lyft stock (NASDAQ: LYFT) fell even worse than Uber at that time. The spread of the Coronavirus Covid-19 Pandemic certainly had a negative impact on the global stock market and on the ride-sharing market.

More people became confined to their houses because of lockdowns. Some people became more fearful about sharing rides with other people. Uber Eats has continued to create food deliveries through the pandemic. Customers could tell drivers to stay far away and distance themselves. Packages of food could be left near the door.

Uber certainly has better exposure to international markets than Lyft. Uber seems to have outperformed through the pandemic situation. Lyft has a relatively cheaper valuation.

https://www.igorbnews.com/2020/07/uber-stock-price-nyseuber-gained-20-in.html
 

garrettt033

New Member
Dec 19, 2020
1
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Boston MA
Fortunately, shares of Uber (NYSE:UBER) gained 20% in May 2020. The stock gains have much to do with "better than expected" first-quarter sales. There is also the direction of the wider market. However, for the month of June 2020, uber stock decreased. The ride-sharing market seems to be rebounding from challenges created by the novel coronavirus Covid-19. Uber company is sure trying to increase Uber market share. Some of the top competitors of Uber and UberEats (support: ubereats phone number) are: Lyft, Ola, DiDi, Grab, Bolt, Yandex.Taxi, Gett, Curb, Bird and LimeRoad.

Many customers are thinking about whether to use Uber or Lyft. Uber stock (NYSE: UBER) did fall (as many other stocks also fell) since early February after the WHO declared the Coronavirus Covid-19 a global health emergency. Lyft stock (NASDAQ: LYFT) fell even worse than Uber at that time. The spread of the Coronavirus Covid-19 Pandemic certainly had a negative impact on the global stock market and on the ride-sharing market.

More people became confined to their houses because of lockdowns. Some people became more fearful about sharing rides with other people. Uber Eats has continued to create food deliveries through the pandemic. Customers could tell drivers to stay far away and distance themselves. Packages of food could be left near the door.

Uber certainly has better exposure to international markets than Lyft. Uber seems to have outperformed through the pandemic situation. Lyft has a relatively cheaper valuation.

https://www.igorbnews.com/2020/07/uber-stock-price-nyseuber-gained-20-in.html

Thank you so much for this analytics. I've been using Uber for over a year. Great service.
 
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Wise

Electoral Member
Mar 3, 2019
231
15
18
Thank you so much for this analytics. I've been using Uber for over a year. Great service.
Yeah, Uber is sure useful. Sure, I could give a ride to some of my friends without the Uber App, but constantly having customers every hour is a problem. That is where Uber company is useful - every hour you get sales. The matching program constantly matches people.
 

Wise

Electoral Member
Mar 3, 2019
231
15
18
Tofino has its own ride hailing company called Whistle. Look out uber.
That's interesting. Whistle! seems to be the first rideshare company to be licensed in British Columbia, ahead of Uber and Lyft. It is a local alternative to Whistler Taxi, Tofino Taxi and public transportation. Whistle! is Tofino's locally owned app based ride sharing company.
 

taxslave

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Nov 25, 2008
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That's interesting. Whistle! seems to be the first rideshare company to be licensed in British Columbia, ahead of Uber and Lyft. It is a local alternative to Whistler Taxi, Tofino Taxi and public transportation. Whistle! is Tofino's locally owned app based ride sharing company.
The guy that started it owned Tofino Bus, which is now part of island bus lines.