Strange how U.S. monthly sales for Uber and Lyft still haven’t recovered post-pandemic.

Strange how U.S. monthly sales for Uber and Lyft still haven’t recovered post-pandemic.

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My guess:

→ They are no longer able to subsidize rides, due to market conditions, cost of capital and new regulation.
→ Number of drivers is declining, prices for riders are going up.
→ People aren’t using Uber and Lyft for as many situations/scenarios.

What’s your hypothesis?

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