Lyft promises investors to cap losses at $50 million a month

Another Uber Driver

Well-Known Member
Uber is heavily subsidising drivers in certain markets with the Metal Incentives Programme. Lyft has tried to respond with Prime Time All The Time during certain Hours of Power, but it has not quite kept up with Uber. If Lyft is going to "cap its losses", this means that it will be necessary to curtail severely any competing subsidy that it can offer to its drivers. This will mean more LYFT OFF and UBER ON.