Vol. 122, No. 20 A Newspaper of General Circulation May 20, 2019
 
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Uber, Lyft losses keep competitors at bay
A fare war between Uber and Lyft has led to billions of dollars in losses for both ride-hailing companies as they fight for passengers and drivers. But in one way it has been good for investors who snatched up the newly public companiesí stock: The losses have scared off the competition, giving the leaders a duopoly in almost every American city. The two San Francisco companies have already lost a combined $13 billion. And with no clear road to profits ahead, no one else has much of an incenti...more for subscribers.
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