The United States’ two largest ride-sharing companies, Uber and Lyft, were not profitable even when the country’s economy was thriving. Now, with potential customers staying away amid fears of COVID-19 transmission, both are struggling to find the right footing for long-term survival. Tom White, the D.A. Davidson Research Analyst who covers the ride-sharing sector, said ridership at both companies could be down as much as 80 percent. White’s comments can be found in a New York Times article “Uber and Lyft Are Searching for Lifelines,” written by Kate Conger.
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