Uber Is Firing on the Most Important Cylinders

How well is Uber Technologies doing these days? Well enough that it can afford to be magnanimous. 

The ride-share giant had some kind words for its smaller and struggling rival Lyft on Tuesday. Addressing a question from an analyst on a conference call to discuss Uber’s first-quarter results Tuesday morning, Chief Executive Officer Dara Khosrowshahi called Lyft “a very, very strong brand.” And while conceding his competitor is “going through a lot of changes,” he added that Lyft is also “not going anywhere.” He added that he expects Lyft’s continued presence to set up a “constructive competitive environment going forward,” one in which ride-share providers no longer chase market share at the expense of profitability. “Those days are over,” he said.