public

Uber (and Lyft) revolutionized transportation – cheap rides, the most successful app in the store and pretty much creating digital on-demand work. It can’t lose, right? Wrong, kind of.

Uber went public, the obvious next step for the transportation giant. As the market closed on May 10, the company’s stock was down 7.8 percent from its I.P.O. On Monday, May 13 it plummeted to $37.10 per share, but it has since leveled out. Lyft hasn’t had much luck either. While it initially surged, the luster wore off soon after launching, and it posted a loss for Q1.