[Motley Fool] Current model for Uber, Lyft just doesn’t work. Expenses have scaled up in near-perfect step with revenue, as have net losses. As it stands now, both EBITDA improvement outlooks are tough to believe.
https://www.fool.com/investing/2021/05/10/quarterly-losses-uber-lyft-confirm-ride-hailing/ The business premise seems sound enough, at least on the surface. The problem: Owning a vehicle is more trouble than it’s worth, but taxi cabs are costly and so yesterday. The solution: Just use a mobile app to summon …