The business fundamentals of Uber and Lyft revolve around their availability, speed, and price. They operate on a ride-sharing model where drivers use their own cars to provide transportation services to passengers. They use dynamic pricing models, where prices increase during peak hours or in high-demand areas. They also invest heavily in technology for efficient route planning, driver-passenger matching, and customer service. Both companies are also exploring additional revenue streams like food delivery and freight services.
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