Not when two competitors are spending their money to actively make the other competitor's service worse. Then everybody is worse off. It's a negative spiral th

Not when two competitors are spending their money to actively make the other competitor's service worse. Then everybody is worse off. It's a negative spiral that either ends in a monopoly or a stalemate with money being wasted on holding off the other party's attacks. (assuming that Lyft is engaging in dirty tactics as well, but the argument works similar if it's one-sided)