When Lyft Inc. LYFT, -1.29% reports results Wednesday afternoon, it will detail a business that’s been virtually ground to a halt since the pandemic forced global lockdowns. There are big questions about how Lyft and rival Uber Technologies Inc. UBER, +2.37% will move forward from here.
For more: It’s time for Uber and Lyft to trade differently, because the coronavirus outbreak is affecting them differently “As economies re-open, interest should tilt toward private over public transit — but is rideshare the answer or are we looking at a wave of car ownership?” Shmulik asked in a research note that opined ride-hailing might be viewed as a financial luxury amid economic uncertainty, and people might be serious about using the outbreak as an excuse to flee major U.S. cities.
Government mandates them to lose money by capping fees? At least they are making something. Compare that to gyms, retailers and services.