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Lyft picks new CEO as founders tap out amid fierce competition

The change in guard comes after a weak quarterly forecast worsened concerns that profits would get squeezed by price cuts undertaken to avoid being a distant second to Uber – which boasts better pricing power, a global presence and a food delivery business.

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​ The change in guard comes after a weak quarterly forecast worsened concerns that profits would get squeezed by price cuts undertaken to avoid being a distant second to Uber – which boasts better pricing power, a global presence and a food delivery business. The change in guard comes after a weak quarterly forecast worsened concerns that profits would get squeezed by price cuts undertaken to avoid being a distant second to Uber – which boasts better pricing power, a global presence and a food delivery business.  Moneycontrol Latest News Read More  

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