Uber CEO says Lyft vying with Uber 'sets up a competitive market'

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 53%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

CEO Dara Khosrowshahi said Tuesday rival company Lyft vying with Uber 'sets up a competitive environment' in the U.S. market. Uber reported its earnings in the morning.

in late March, with board member David Risher chosen the ride-share’s next CEO and co-founders Logan Green and John Zimmer transitioning to board roles. by more than 1,000 and curb hiring as part of a restructuring plan to lower costs. The company said it intended to put the savings toward "continued service-level improvements benefiting riders and drivers"

Khosrowshahi on Tuesday said Uber hasn’t "seen any signal otherwise" regarding a competitive environment getting set up in the U.S. "But I think you’ll have to ask them [Lyft] that question when they report their earnings as far as what their strategy is going forward," he said.Lyft’s first-quarter results will come out late Thursday afternoon, when the company said it will also provide additional information about the usage of savings from cuts."But, so far, what we see is constructive, and we don’t see any reason why it would change," the Uber CEO continued.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 458. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines