Lyft is running cash-burning (not merely unsustainable) promotions in a select number of cities, most likely to try and impress prospective investors that "We h

Lyft is running cash-burning (not merely unsustainable) promotions in a select number of cities, most likely to try and impress prospective investors that "We have 40% marketshare in NYC!". Pretty meaningless when that's the result of a 50% off. Meanwhile Uber has been cutting back on promotions and incentives.