However, CEO Zander Lurie says ride-hailing companies need to start showing investors they can bring in revenue.
Analysts generally agree with Lurie's thesis that prices will continue to increase as companies begin to focus on profits rather than just growth in revenue and market share.who was one of Wall Street's top technology analysts before helping start the venture capital and research firm Loup Ventures. "We're starting to see some increase in pricing from Lyft and Uber the past six months and would expect other gig economy and service-related companies to follow.
Logan Green, CEO of Lyft, told investors last week that it implemented "modest pricing increases" over the last two quarters, which he said were matched by competitors. Lyft's IPO was priced in March at $72 per share. The stock closed Monday at just over $45. Uber went public in May at $45 per share. The stock closed Monday at nearly $27.
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