Lyft struggling due to high costs and competition

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/nThe ride-sharing sector of the industry has never been profitable and unprofitable businesses need to be cut out/nLyft has priced their services below their cost for a long time and used software to circumvent minimum wage laws/nUber has been able to scale and has made bold acquisitions in the food delivery sector/nDara Khosrowshahi, the CEO of Uber, has raised prices to improve profitability

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