Uber and Lyft Are Betting That Driverless Cars Will Help Them Finally Make Money. Here's Why It Won't Work
Inc.com - 08-13
Uber and Lyft are still losing money. In a recent quartly report, Uber posted a loss of $5.2 billion, its largest ever, and Lyft expects to lose as much as $875 million this year. So you can understand why both companies are looking for ways to boost revenue and cut expenses.