Uber Vs DoorDash Vs Wall St. Analysts $UBER & $DASH
Channel: Stock Docta' Trading
Date: 2023-01-11

#doorDash #uber #uberEats $UBER $DASH #shorts 
Comparing Uber and DoorDash today that Uber is much better position than DoorDash during a recession based on the fact that people are not going to buy a new car. I get the overall thing that people can't simply afford a new car, then paying day in and day out for Uber and Lyft. I really don't see the correlation. There is a whole lot of mix.
I mean, what is it, 36% of Uber's revenue comes from food delivery. So this is a whole mixed up development for me. People I don't think are going to replace all their driving with Uber, Lyft and also with this kind of thinking. You would also think if people then don't replace their cars, they are using Uber and Lyft more, They don't have access to the vehicle, they're probably not going to the grocery store as much.
Then you would think that maybe they are ordering in more than they would be and then it would almost be a win for both in that sort of scenario, right? Yeah, I mean, I want to disagree with you and I think people are going to hang onto their cars longer and probably avoid ride sharing apps because the price is, quite frankly, have gone up.
And if anything, I'm going to cut back on that.

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