Q1 2023: Uber Approaches Profitability, Lyft Struggles

Uber Approaches Profitability

 
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Uber’s results reflect a clever strategy of hedging against weaknesses in driver recruitment and retention as well as weakness in demand. Lyft has turned to layoffs to compete with Uber almost exclusively on price. The strengths and weaknesses of these strategies are revealed in the latest quarterly report.

Read the full report

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