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Best Stock to Buy Right Now: Uber vs. DoorDash
In the U.S., Uber Technologies (NYSE: UBER) and DoorDash (NASDAQ: DASH) dominate the food delivery business. Of the two, DoorDash claims the most market share in online food delivery, placing it far ahead of Uber Eats and likely leading some investors to assume that it could be an obvious choice between the two.Nonetheless, Uber earns the majority of its revenue from ridesharing, a business that offers market leadership in a valuable niche and more diversification than DoorDash. Thus, investors should take a closer look at both companies before determining which might be more likely to deliver higher returns for investors.As mentioned before, Uber is a more diversified transportation stock. Aside from online food delivery, it operates a lesser-mentioned but steady business that moves freight for its customers.Continue reading
In the U.S., Uber Technologies (NYSE: UBER) and DoorDash (NASDAQ: DASH) dominate the food delivery business. Of the two, DoorDash claims the most market share in online food delivery, placing it far ahead of Uber Eats and likely leading some investors to assume that it could be an obvious choice between the two.
Nonetheless, Uber earns the majority of its revenue from ridesharing, a business that offers market leadership in a valuable niche and more diversification than DoorDash. Thus, investors should take a closer look at both companies before determining which might be more likely to deliver higher returns for investors.
As mentioned before, Uber is a more diversified transportation stock. Aside from online food delivery, it operates a lesser-mentioned but steady business that moves freight for its customers.
