Uber vs. Lyft: Who’s tops in the battle of U.S. rideshare companies

When U.S. cities and states faced shelter-in-place orders to limit the spread of the coronavirus, Americans’ reduced mobility resulted in plummeting sales at rideshare companies. Bloomberg Second Measure’s transaction data shows that while sales at rideshare industry leaders Lyft (NASDAQ: LYFT) and Uber (NYSE: UBER) began to recover shortly after their early pandemic drop, they did so at different rates.