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Uber really needs Lyft to stay in the rideshare race
San Francisco’s fiercest startup rivalry is over. If Lyft ceased being a meaningful competitor, regulators could review Uber s claims that drivers are “independent contractors”. Consumers could also turn against the company over pricing
United states
San francisco
David risher
Dara khosrowshahi
Us senate
Lina khan federal trade commission
Lyft inc
Uber technologies inc
Bloomberg second
Hailing sales is increasing
Competitor lyft
West coast
Typically more expensive than lyft
Lina khan
Federal trade
Growing profitability
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