Uber’s earnings pick up and as long as people keep riding and eating, the company can afford kind words for its ride-share rival, Lyft, explains djtgallagher WSJWhatsNow
Tuesday morning, Chief Executive Officer Dara Khosrowshahi called Lyft “a very, very strong brand.” And while conceding his competitor is “going through a lot of changes,” he added that Lyft is also “not going anywhere.
” He added that he expects Lyft’s continued presence to set up a “constructive competitive environment going forward,” one in which ride-share providers no longer chase market share at the expense of profitability. “Those days are over,” he said.
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