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Tucker & Don Out, Elon's Blue Check Wreck, and Guest Baratunde Thurston
Pivot
Lyft struggling due to high costs and competition
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- Lyft is facing a shortage of drivers and has started covering the cost of rental cars and offering bonuses to drivers in order to remain competitive
- The ride-sharing sector of the industry has never been profitable and unprofitable businesses need to be cut out
- Lyft has priced their services below their cost for a long time and used software to circumvent minimum wage laws
- Uber has been able to scale and has made bold acquisitions in the food delivery sector
- Dara Khosrowshahi, the CEO of Uber, has raised prices to improve profitability
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