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Uber and Out Featured

I know a guy who doesn't owner a car himself (he shares one with his girl friend) and often used Uber. But lately he told me he had started using Lyft, as well. You here about people switching to Lyft as some kind of political protest, but the real reason is simple economics. Lyft has started paying its drivers more, so there are more drivers available. And just like that, Uber faces the threat of going from being the next Google to being the Myspace of so-called ride-sharing. My uncle used to say, "If the only advantage your company has is you employee a lot of smart people, you don't really have an advantage, because it's easy to hire smart people." 

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Ted Craig

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