I'd say this assessment is clouded by your own judgements of Uber. Uber is vastly larger than Lyft. I've taken Uber's all over the world (Europe, South America), Lyft barely has market penetration in rural areas of the United States.
I recently bet my friend who is supremely confident that United Airlines business will be significantly impacted due to the passenger incident. Thus far, it appears United is doing just fine[1], in fact they may be on pace for a blowout Q2 quarter. Money in the bank.
Moral of the story... These types of negative incidents (In my opinion I call it the constant outrage complex) rarely affects finance fundamentals of solid businesses. If you want to take a moral stand against Uber you are absolutely entitled to that and that is fine with me.
I recently bet my friend who is supremely confident that United Airlines business will be significantly impacted due to the passenger incident. Thus far, it appears United is doing just fine[1], in fact they may be on pace for a blowout Q2 quarter. Money in the bank.
Moral of the story... These types of negative incidents (In my opinion I call it the constant outrage complex) rarely affects finance fundamentals of solid businesses. If you want to take a moral stand against Uber you are absolutely entitled to that and that is fine with me.
[1] https://www.thestreet.com/story/14125827/1/united-reports-7-...