Food delivery has proved a lifeline for Uber throughout the pandemic — now it's biggest rival is getting into the game as well.Lyft is developing a delivery service to take on Uber Eats, the company announced during a Tuesday call with investors.
Uber's growing delivery arm has been a massive boon to the company's business during the pandemic, as rides remain at a fraction of normal levels. Taking a page out of Uber's playbook, Lyft plans to roll out its own delivery service in an effort to bolster its bottom line as rides remain at a fraction of pre-pandemic levels. call with investors Tuesday. Although revenue grew 47% compared to the previous quarter, it was still down 48% as compared with the same period in 2019.
"What we're hearing from these restaurants and retailers, especially during the pandemic, is they want a partner, not someone that's going to be taking 20% to 30%," Zimmer said, adding that businesses want a partner to "help them move their goods from point A to point B, but one that does not step in between them and their customers."
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