Re:Lyft Loses $600M in 2016 as Revenue Rises to $700M
by elchief on Sunday January 15, 2017 @02:22AM
(#13402816)
Uber's plan is monopoly
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Re:Lyft Loses $600M in 2016 as Revenue Rises to $700M
by pslam on Sunday January 15, 2017 @02:31AM
(#13402849)
"The directors of Lyft and Uber are legally required to maximize profit for the respective shareholders."
This is utterly not true, and even companies like Google have (had?) it specifically written into their shareholder prospectus that this wouldn't be the case. Companies which maximize profit at any cost are doing it because they want to not because they have to.
http://www.nytimes.com/roomfordebate/2015/04/16/what-are-cor...