Welcome to the world of facts and news: Lyft picks new CEO as founders tap out amid fierce competition

Lyft picks new CEO as founders tap out amid fierce competition

The change of guard at Lyft comes after a weak quarterly forecast worsened concerns that profits would get squeezed by price cuts undertaken to keep up with bigger rival Uber - which boasts better pricing power, a global presence and a food delivery business.

from Tech-Economic Times https://ift.tt/k7xXNoI

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