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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: