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Uber boss says U.S. market unprofitable amid tough competition from Lyft
- free_everybody 9y agoHonestly, I cannot understand this. It's almost funny to me. How did Uber blow such a huge lead in the ride sharing industry? I remember getting an Uber several years ago. The app was gorgeous. The service was prompt. I had not even heard of Lyft yet.
- bradknowles 9y agoWeren’t they always unprofitable in the US? I thought they were well known for burning through cash at a previously unheard of speed, because they were going to own the entire market and then they could charge whatever they wanted. Is Lyft really that competitive? I sure hope so, but I don’t have any illusions in that regard.