Uber and Lyft keep raising prices despite losing money for over a decade. Uber has two advantages Lyft lacks: an active self-driving division and equity stakes in international ventures like Uber China and India, owning roughly 10-20% of each. Lyft operates only in North America with no autonomous vehicle program.
Uber and Lyft both keep raising prices, and after a decade, they're still not making money. Uber at least has like two things going for it. It has like a self-driving dream, which is still pretty far away. They at least had a self-driving department. Lyft does not even have that. And then the other thing is Uber has stakes in the Uber for China, the Uber for India. They have the Uber for wherever. They own a piece of those companies, like 20%, 10%. And Lyft does not have that outside of— doesn't have anything outside of North America.
