Heard on the Street: Omicron has hit both Uber and Lyft hard, but one rideshare is better protected
Omicron has sneezed on rideshare’s recovery, but only one platform is vaccinated.over the past two days, sending shares of both ride-hailers up in Wednesday’s session and after hours.
But their first-quarter guidance showed Omicron has added many miles to ride hailing’s widely prophesied recovery. Investors seem to have forgotten that Lyft, in particular, plays in a duopoly where speed matters.
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