Lyft and Uber Are Moving From Cage-Match to Comfortable Duopoly

The arch-rivals must join forces to survive

Photo: Thought Catalog/Unsplash

It looked like everything was finally coming together for Lyft: After years of bare-knuckled competition with Uber, rising losses, constant struggles with regulators, then a rocky IPO, it had finally gotten on track. “Profitable growth” over growth at all costs was the new management…