Uber and Lyft's financial strategies, which involve spending heavily on driver subsidies and promotional discounts for riders, could have several potential impacts on their customers. Firstly, these strategies could lead to lower prices for customers in the short term, as the companies compete for market share. However, in the long term, these strategies could lead to financial instability for the companies, which could potentially result in higher prices for customers if the companies need to increase prices to become profitable. Additionally, if either company were to go out of business due to their financial strategies, this could reduce competition in the market, which could also lead to higher prices for customers.
Use our Timeline Template Collection to visualize and track business processes. Timelines keep proje...
Download template