Uber really needs Lyft to stay in the rideshare race

Market-leader: The Uber headquarters in San Francisco. Shrewd leadership post-lockdown has moved it well along a third route to sustained profitability. - Bloomberg

THE long-held assumption about Uber Technologies Inc has been that it would only make real money via one of two routes.

The first is self-driving cars becoming a reality and there’s no more need to pay human drivers. Well, forget that, ain’t gonna happen – at least not for many years.