Shares of Uber (NYSE: UBER) revved up in morning trading on Tuesday after the ride-sharing company's Q3 showing impressed investors. Shares of Uber have tanked by around 30% this year. The strong showing by Uber has also lifted up stocks of other companies in the gig economy including Uber's closest competitor, Lyft (LYFT), and online food ordering and delivery company, DoorDash (DASH). Shares of LYFT and DASH were up in morning trading on Tuesday. Lyft Expects Revenue Growth to Slow Down Lyft is expected to announce its Q3 results on November 7 and has slowed down on hiring and reduced discretionary spending.
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