which could adversely affect our business, financial condition and results of operations.intensely competitive and characterized by rapid changes in technologyshifting rider needs and frequent introductions of new services and offerings. We expect competition to continue, both from current competitors and new entrants in the market that may be well-established and enjoy greater resources or other strategic advantages.
Additionally, there are other non-U.S.-based TaaS network companies that may expand into the United States and Canada. There are also a number of companies developing autonomous vehicle technology that may compete with us in the future, including Alphabet , Apple, Baidu, Uber and Zoox as well as many other technology companies and automobile manufacturers and suppliers. We anticipate continued challenges from current competitors as well as from new entrants into the TaaS market.
While some consumers might like Lyft’s brand better than Uber’s due to the latter’s negative PR, that is unlikely to be a permanent state of things given Uber’s new, competent CEO who had done an excellent job building Booking.com into a powerful brand
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Source: CNBC - 🏆 12. / 72 Read more »
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