In short, good news for drivers and riders. And not necessarily bad news for Uber, because having a viable competitor will help keep them sharp. The only one

In short, good news for drivers and riders. And not necessarily bad news for Uber, because having a viable competitor will help keep them sharp. The only one how loses are Uber shareholders who bought shares above valuation $X billion. I'm not sure what X is, but X is what Uber is worth under a duopoly. Its current market cap I assert is well above $X.