# Professor Aswath Damodaran discusses the impact of Uber and Lyft on the transportation industry

1 Faculty News January 26, 2016 ![CNBC logo](/sites/default/files/styles/246w/public/assets/images/con_034412.gif?itok=MRidxYS3)>

Excerpt from [CNBC](http://www.cnbc.com/2016/01/26/uber-lyft-put-pressure-on-taxi-companies.html) -- "'Uber and Lyft are driving down prices for everyone, using their access to capital,' [Aswath Damodaran](http://www.stern.nyu.edu/faculty/bio/aswath-damodaran), professor of finance at the Stern School of Business at New York University, said in an email to CNBC. 'So, I guess every ride sharing business is at risk, when competing against these two.'"

[Read more](http://www.cnbc.com/2016/01/26/uber-lyft-put-pressure-on-taxi-companies.html)