May
02

Hailing Hurting

With Lyft now public and Uber following soon, we know both have lost about $11 billion since 2009, with no end in sight to losses as they reduce fares to gain share. But brutal competition makes ride hailing a commodity business absent customer loyalty. The solution? Beg government for regulatory relief like capping number of vehicles! For now, these firms may be nothing more than bets on increased ride-hailing regulation.

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