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Lyft is the second player in two markets. In Canada a distant second. Contrast this with Uber that not only has more business segments (eats, freight, etc in ad
by asabjorn 8y ago
Lyft is the second player in two markets. In Canada a distant second. Contrast this with Uber that not only has more business segments (eats, freight, etc in addition to rideshare), but is also the largest player in most markets its in.
I simply don't see how Lyft can turn profitable without loosing marketshare when competing against a rival that has profitability it can reinvest from elsewhere.