Uber, Lyft losses keep competitors at bay

SAN FRANCISCO --- A fare war between Uber and Lyft has led to billions of dollars in losses for both ride-hailing companies as they fight for passengers and drivers. But in one way it has been good for investors who snatched up the newly public companies' stock: The losses have scared off the competition, giving the leaders a duopoly in almost every American city.   READ: Uber, Lyft drivers protest, go on strike across the US, overseas The two San Francisco companies have already lost a combined $13 billion. And with no clear road to profits ahead, no one else has much of an incentive to mount a challenge using the same model relying on people driving their own cars ...

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from INQUIRER.net http://bit.ly/2Jw1ksQ