Ride-hailing stocks were in the limelight in the last couple of weeks. Shares of the ridesharing giants Uber and Lyft rebounded in recent weeks as the demand for ride-hailing continues to recover. However, both the stocks have fallen quite considerably in the first half of this year.
Uber and Lyft are the two largest rideshare companies. The ride-sharing platforms have been battling each other for dominance in the ride-hailing space for years. Uber, the world’s biggest ride-hailing operator is a technology provider that matches riders with drivers and food delivery service providers. While Lyft operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada.