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(2) In terms of valuations, Uber (with $70 billion, at the time of the textbook was written) is almost 10 times more valuable than Lyft
(2) In terms of valuations, Uber (with $70 billion, at the time of the textbook was written) is almost 10 times more valuable than Lyft (with $7.5 billion, also at the time of the textbook was written). Uber is active in some 600 cities worldwide, while Lyft services some 200 (in the United States only). Uber offers about five times as many rides as Lyft. Uber is clearly a giant compared to Lyft. Do you think the strategic alliances with General Motors (GM) and Waymo could help Lyft to overcome Ubers lead? Can you think of other reasons Lyft could end up as the winner in the mobile transportation network competition? Explain.
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