A lot has happened since Uber and Lyft were founded, but one thing that has remained constant: the economy has been doing well during most of their growth phase. Every traditional metric – GDP, stock market and unemployment rates – has shifted healthily since both companies launched their ridesharing services in 2013 and 2014.
But with political tensions and looming international tariffs, it feels like everybody is bracing for an economic downturn. Uber and Lyft’s teams especially must be focused on this, with their IPOs coming soon in 2019. And while I’ll refer primarily to Uber from here on out (since they’re the top dog in the rideshare world) a lot of the same dynamics should also apply to Lyft. They tend to follow in Uber’s footsteps anyways.