Uber and Lyft are two of the largest ride-sharing companies. As of 2015, Lyft's market share has doubled from 15% to 31%. Despite Uber's larger size, it only has twice the cash as Lyft. Both companies have been investing heavily in driver subsidies and promotional discounts for riders in a bid to gain more market share. This strategy has led to significant cash burn, with Uber reportedly spending over $11 billion since its founding. However, Uber announced that it will be cash-flow positive for the full 2022 for the first time in its history.
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