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Uber CEO Dara Khosrowshahi

Uber losses keep growing as the ride-hailing giant scrambles to get its finances in order

Shares of the company fell as much as 6% in after-hours trading on Monday after third-quarter earnings disappointed Wall Street investors.
Lyft CEO Logan Green

Lyft lost less money than Wall Street expected in the third-quarter as the company keeps adding new riders

The company said last week that it expects to turn a profit a full year ahead of when Wall Street analysts had expected it to.

Uber is launching ‘Uber Money,’ a financial services team that could help it save money and pay drivers more quickly

The ride-hailing company wants to eventually offer bank accounts to drivers, and possibly even riders.
Drivers have been expected to meet minimum ratings to keep working on the platform. Now, riders will be expected to do the same.

Only 1% of passengers always tip their Uber drivers, a new study of 40 million rides found

New research published by the National Bureau of Economic Research found only 16% of Uber rides are tipped, codifying a common complaint of drivers.
Travelers wait for ride share vehicles at O'Hare Airport on April 10, 2019 in Chicago, Illinois

Lyft has made airport pickups quicker and less confusing by taking a page from the taxi playbook

While Uber is shuttling people to airports in helicopters, Lyft is getting back to basics. And it looks a lot like a traditional taxi queue.
Uber CEO Dara Khosrowshahi

Uber has laid off hundreds of employees in its third round of cuts this year

Uber Eats and the company's Advanced Technologies Group were among the targeted business groups this time.
Lyft Rentals is now available to some California customers in the Lyft app.

Lyft has been quietly offering a car-rental service in 3 California cities

The ride-hailing company will now let you hail a rental car in three California cities, and give you a ride credit to get to the pickup location.
Lyft rewards are remarkably similar to Uber's program, and give drivers the opportunity to see ride details before accepting once they hit the second level.

Lyft is finally giving some drivers one of their most requested features

Having insight about where a potential trip is going is huge for drivers' ability to plan their workflow and feel some control over their job.

Lyft is launching driver rewards because it and Uber can’t stop copying each other

Uber and Lyft provide a strikingly similar service in the US — and their new offerings continue to piggy back each other.

Both Uber and Lyft are at record lows as investors continue to shun unprofitable unicorns

Both companies have lost major ground since going public, showing that investors are growing increasingly hesitant around money-losing firms.