Ride-share companies are losing billions, so why their interest in unprofitable public transport?

21 Feb 2023
Public transport
Image: Shutterstock

Why do Uber, Lyft, Didi, OLA and other ride-sharing companies want to partner with public transport agencies? For Uber and Lyft, the reason is simple: their business plans were based on eventually using driverless vehicles to eliminate their main cost, the labour cost of the driver. But human drivers won’t be replaced for some time.

Read the full story via The Conversation