Why I'll Never Own Uber Technologies Stock

Uber's ride-hailing business and its Uber Eats food delivery business are both ceding market share to faster-growing rivals. Uber's market share in the U.S. transportation-sharing market could drop from 75% in 2019 to 71.7% in 2023, according to eMarketer, as Lyft's (NASDAQ: LYFT) share rises from 48.2% to 59%. Uber Eats' share of the U.S. food delivery market declined from a peak of 28% in mid-2018 to 22% this May, according to Second Measure, putting it in third place behind DoorDash (45%) and Grubhub (NYSE: GRUB).