Uber and Lyft will share in the economy's pain this year as usage for both services has been highly correlated with various lockdown orders.Insider Intelligence analyzes this industry and several others to provide in-depth analyst reports, proprietary forecasts, customizable charts, and more.Uber and Lyft users and sales will decline in 2020 before rebounding in 2021.We estimate that the number of Uber users will drop by 28.3% , and Lyft users will drop by 32.3% .
On the sales side, we expect Uber's ride-sharing sales to decline by 39.8% this year to $17.39 billion . Lyft's sales will decline by 25.0% to $8.97 billion . In 2021, both companies should rebound strongly, assuming there is a normalized health environment facilitated by a vaccine or behavioral changes. Public transit riders may also remain hesitant long into the future, giving ride-share services an additional leg up in 2021.
Everything will be normal after November 3rd. things would be back to normal now if it wasn't an election year. But liberals will do anything including destroying this country with unnecessary shutdowns and over playing social distancing. They're doing it just to try to win nov3
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