Ridesharing companies are extraordinary success stories, and there’s little wonder why: it’s the perfect app for mobile devices, and who among us doesn’t need a ride from time to time? But the progress, so far, of the two big firms, is quite different.
One the one hand, there is the gigantic UBER. Its chart is a complete dud, however. It seems to have reached a state of equilibrium swiftly, and it is just grinding along with diminishing interest.
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Its scrappier competitor, however, is a beautiful little chart. LYFT, which I’ve mentioned weeks ago as a long idea, has broken out today in a very clean pattern. If one were to buy a rideshare firm, I’d absolutely get LYFT before UBER.
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