The end of growth at all costs: North America’s ride-hailing giants turn attention to profit

Uber and Lyft are still running at a net loss, and there are difficulties ahead for US operations as authorities seek to regulate services further. By Xavier Boucherat

   March 12, 2020

Consolidation has proven one of the defining features of ride-hailing markets worldwide. China has Didi Chuxing, Russia has Yandex, and the US has two of the most familiar names of all, Uber and Lyft. Together the latter twi control a combined share of around 98% of the market, and have seen off competitors like VW-backed Gett’s Juno service, which ceased operations in November 2019….

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