Uber Coronavirus: Why Lyft Might Not Survive Coronavirus Downturn Like Uber
Dara Khosrowshahi, Uber CEO, said in a recent investor call that Uber has plenty of cash to make it through the Coronavirus downturn despite rides seeing a 60% to 70% decline in some areas. Alex discusses how Uber’s strong balance sheet, platform conglomerate status, and asset light model help minimize negative effects to the business during a downturn.
Uber stock skyrockets after CEO says it has plenty of cash to get through coronavirus crisis: www.cnbc.com/2020/03/19/uber-stock-pops-after-saying-worst-of-coronavirus-fallout-is-behind-it.html
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