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Cheap Rides Could Be Over
Uber and Lyft Suggest the Days of Cheap Rides Could Be Over Both continue to record big losses.
Lyft officials told investors they had raised prices on routes in some cities in June and touted the company’s upcoming pricing algorithms, which they hinted might be able to more precisely predict what riders might be willing to pay for a ride.
Lyft said those pricing changes would boost revenue per rider by next quarter. Uber CEO Dara Khosrowshahi said that his company’s rivalry with the other big San Francisco–based ride-hailing company had cooled—for now. “We and Lyft are big-time competitors here and have been for some period of time, but for now we’re seeing, generally, category positions that are stable,” he told investors Thursday. “We are focused on improving profitability in this market.”...
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KOLAMA
Brooklyn Center for the Performing
Arts at Brooklyn College
Saturday, June 10, 2017 at 7:00PM
Walt Whitman Theater
2900 Campus Road, Brooklyn, NY
Prepare to fork out more than $120,000
BMW took the wraps off the facelifted 5 Series less than a month ago, and yet we’ve already seen our fair share of performance versions based on the....