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Last month you might remember me writing about the Lyft and Uber IPO’s. My first update might be a culture shock for rideshare consumers. It turns out that going public might cost the customers, as some are projecting higher priced fairs coming out of the recent public offerings.

To make matters worse for the newly launched sub-industry, Lyft is being sued by investors claiming that Lyft exaggerated their market position during the IPO process last month.

The video from Company Man’s YouTube channel below might help you understand some of the differences between the two major ride-share brands, Uber, and Lyft. If you have to pay more, you might as well know more when making your choice.

Sources: Wall Street Journal, Inc.com, Company Man YouTube

By Marc Charles of Money Talk Radio