Uber, Lyft and the Crucial Challenge for Profitability in 2022
Published at : June 05, 2022
After enduring the pandemic, ride-share apps like Uber and Lyft are now facing a new world of high inflation, driver shortages, and dwindling passenger numbers. To survive this next chapter, the companies are having to massively reshape their business.
I speak to WSJ’s Preetika Rana about what Uber and Lyft are doing to try and survive.
0:00 You may have noticed Uber and Lyft prices have gone up lately
0:43 The problem: Driver shortages, Fewer trips, Worried investors
2:35 The solution: Ride-sharing, hiring freeze, Yellow cabs
3:30 What this means for your ride
I'm George Downs, a WSJ video journalist fascinated by how technology is changing how we get from A to B. If you're interested in the future of mobility or how modern transportation can impact our lives– from EVs to eVTOLs, and beyond – then don't forget to subscribe.
#Uber #Lyft #GeorgeDowns
I speak to WSJ’s Preetika Rana about what Uber and Lyft are doing to try and survive.
0:00 You may have noticed Uber and Lyft prices have gone up lately
0:43 The problem: Driver shortages, Fewer trips, Worried investors
2:35 The solution: Ride-sharing, hiring freeze, Yellow cabs
3:30 What this means for your ride
I'm George Downs, a WSJ video journalist fascinated by how technology is changing how we get from A to B. If you're interested in the future of mobility or how modern transportation can impact our lives– from EVs to eVTOLs, and beyond – then don't forget to subscribe.
#Uber #Lyft #GeorgeDowns
lyftuberrideshare