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: Motorsports,Commerce
Continue reading Miami Grand Prix F1 Race: Everything you need to know before you go
Miami Grand Prix F1 Race: Everything you need to know before you go originally appeared on Autoblog on Wed, 1 May 2024 17:15:00 EDT. Please see our terms for use of feeds.
Permalink | Email this | Comments
Say goodbye to the gas-powered Jaguar XJ and hello to the electric XJ. The British automaker took great pains to hide as much of the design of the upcoming EV...
The Ford F-150 is a big deal. So big that if it were its own brand, it would be bigger than McDonald's, according to Automotive News. It would also be bigger than 3M, you know, “the multinational ....
Eric Strait took his new Model 3 Performance out early on and used his VBOX to record results around the 3.3-second mark. However, that was during a first run and the car didn’t have a full charge....
