Ride sharing companies are extraordinary success stories, and there’s little wonder why: it’s the perfect app for mobile devices, and who among us doesn’t need a ride from time to time? But the progress, so far, of the two big firms is quite different.
Liquidity moves markets!Follow the money. Find the profits!
One the one hand, there is the gigantic UBER. Its chart is a complete dud, however. It seems to have reached a state of equilibrium swiftly, and it is just grinding along with diminishing interest.
Its scrappier competitor, however, is a beautiful little chart. LYFT, which I’ve mentioned weeks ago as a long idea, has broken out today in a very clean pattern. If one were to buy a ride share firm, I’d absolutely get LYFT before UBER.
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