Uber and Lyft Suggest the Days of Cheap Rides Could Be Over Both continue to record big losses.
Lyft officials told investors they had raised prices on routes in some cities in June and touted the company’s upcoming pricing algorithms, which they hinted might be able to more precisely predict what riders might be willing to pay for a ride. 
Lyft said those pricing changes would boost revenue per rider by next quarter. Uber CEO Dara Khosrowshahi said that his company’s rivalry with the other big San Francisco–based ride-hailing company had cooled—for now. “We and Lyft are big-time competitors here and have been for some period of time, but for now we’re seeing, generally, category positions that are stable,” he told investors Thursday. “We are focused on improving profitability in this market.”...
Filed under: Commerce
Continue reading 2024 Formula 1 schedule: How to watch F1 online
2024 Formula 1 schedule: How to watch F1 online originally appeared on Autoblog on Thu, 2 May 2024 09:14:00 EDT. Please see our terms for use of feeds.
Permalink | Email this | Comments
GM STOPS SELLING VEHICLES IN INDIA, GETS RID OF SOUTH AFRICA UNIT...
See the best new cars, SUVs and trucks for 2020 and 2021. In this video, the Edmunds editorial team shows you the vehicles you should have in mind...
Arrival was founded in 2015 and has 800 employees, but until now has been in “stealth mode,” revealing little about its business model or plans. But this deal is a sign it has been doing something right, says Michael Harley...
