Opinion: Uber needs to buy Lyft to survive. By ialhusseini
Uber is still losing money at an alarming rate. The problem is that, to turn a profit, Uber needs to stop cutting prices to win customers from competitors like Lyft. So the solution for Uber is simple: Buy Lyft. After an acquisition of Lyft, Uber can leverage its new scale to profitability. Ibrahim AlHusseini is the founder and CEO of FullCycle, an investment firm focused on addressing the climate crisis. Visit Business Insider's homepage for more stories.
Uber is still losing money at an alarming rate. The problem is that, to turn a profit, Uber needs to stop cutting prices to win customers from competitors like Lyft. So the solution for Uber is simple: Buy Lyft. After an acquisition of Lyft, Uber can leverage its new scale to profitability. Ibrahim AlHusseini is the founder and CEO of FullCycle, an investment firm focused on addressing the climate crisis. Visit Business Insider's homepage for more stories.
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