Uber and Lyft close at record lows as investor skepticism grows

Key question for investors on UBER and LYFT

1) Do they have competitive advantages?

2) Can they be profitable?

3) Can they diversify their earnings into new areas like UBER eats and Logistics Package Delivery etc.

4) Will drivers keep working as contractors and depreciating their cars? Most Uber drivers don’t make money once car depreciation is considered according to some analysts.

I remain skeptical of UBER and LYFT even at today’s new lows at their $55B and $14B valuations.

CNBC: Uber and Lyft close at record lows as investor skepticism grows