nab some users from the competitor. It even acknowledged those gains in its public filing earlier in March.The company has branded itself as a more socially conscious alternative to Uber, with initiatives like going carbon neutral, free rides, a commitment to public transit, and more.
"It remains unclear whether Lyft can be profitable as the #2 player in U.S. ridesharing, while still paying its drivers," White said. Lyftby suing New York City over a new minimum wage law for drivers. The company maintained that its beef with regulators was how the pay was calculated, and not with paying a fair wage.
"Lyft's ability to reduce incentives for drivers and riders will be a key lever to its near-term profitability outlook," said White.
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