Uber has shown great growth in markets during recessions: ex Brazil. The theory is that ridesharing is a driver constrained market, and during recessions, more

Uber has shown great growth in markets during recessions: ex Brazil. The theory is that ridesharing is a driver constrained market, and during recessions, more people drive for uber to make ends meet. Also, people invest less in large purchases (cars) and instead spend more on services with a higher marginal cost (taxi, ride share.