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Connected Mobility

Uber, Lyft and COVID-19: Q1 2020 Results Point to Dark Days Ahead

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Report Summary:

As the biggest economic challenge in more than a century, COVID-19’s immediate impact has resulted in a crippling blow to both Uber and Lyft’s ride hailing business. But will the potential long-term consequences from COVID-19 prove to be even more costly?

This report analyzes the quarterly financial results for both Uber and Lyft and discusses some short and long term expectations for their ride hailing business moving forward.

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