US investor, investment fund manager: “Uber” will dominate ‎ride-sharing market, become new “Google”‎

The American investor and head of the wealth management company “Ritholtz” “Joshua Brown” said that the American transportation company “Uber” will dominate the participatory transportation market and become like Google for search engines.

In his interview with CNBC, Brown indicated that what happened in the market on Tuesday is a positive indicator for Uber, despite the Uber stock’s decline by 2% and also Lyft stock fall by about 25%, after announcing disappointing quarterly results

Last week, Uber announced a loss in the third quarter, but gave strong guidance in the fourth quarter. Its revenue also beat expectations, reaching $8.34 billion, compared to the $8.12 billion analysts had expected. Uber is down 35% year-to-date, while Lyft has lost 74% so far this year.