Where Data Tells the Story
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The performance of Uber and Lyft shares since their respective IPOs. Lyft went public on March 29, 2019, and was followed by Uber on May 9, 2029. This data is as of March 13, 2024, and was accessed via TradingView.
Uber shares have rallied since mid 2022 after the company showed clear signs that it was stealing market share from rival Lyft.
For example, for the July-September period of 2022 (Q3), Uber grew its user base by 22%, while Lyft managed a lackluster 7%.
Since then, Uber has only gained momentum. Shares climbed after it was announced that Uber would be joining the S&P 500, and the company followed that up with its first-ever annual profit.