Uber CEO Dara Khosrowshahi said that competition from Lyft is keeping Uber from making a profit in the United States. (Richard B. Levine/Sipa USA/TNS)
SAN FRANCISCO: Drivers for Uber, Lyft and other US ridesharing services have seen their incomes fall by half in recent years as more people get behind the wheel, according to a study released Sept 24.
The report by US banking giant JPMorgan Chase, based on deposits received by the bank, offers a sobering note on the so-called platform or “gig” economy, although it left a number of questions unanswered.
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