Are Uber and Lyft Still Top Stocks to Buy in 2024 Following the Minnesota Wage Issue?

As Uber and Lyft navigate new regulations, their current strategies and financial performance give some insight into the potential for long-term growth. Let's look at why these companies remain strong picks for 2024. Revenue grew by 15% to more than $10 billion, bolstered by a 21% rise in trips, averaging around 28 million trips per day. That revenue increase shows the company's ability to attract more customers and retain a significant portion of the gross bookings as income. Legislative challenges in Minn ...