Lyft is worth only $9 billion today, less than it was as a private company at the end of 2017.

Uber told investors this month that it expected to close out the year with between $4 billion and $6 billion in cash.

Uber may be partially insulated by its food delivery business, which could help offset a collapse in ride-hailing volume.

Airbnb and Uber have been lobbying the government to extend unemployment benefits to independent contractors and sole proprietors.The sharing economy companies in the worst shape may be those who aren’t so asset-light.

Scooter companies Lime and Bird Rides Inc. have electronic two-wheelers that are sitting around, depreciating in value. | To read full story, visit https://startuparound.com/read/1585373405.1069958/The-sharing-economy-faces-the-abyss-in-a-pandemic?ref=audio_experience