Uber (UBER) just canned 10% of its workforce, and its stock is down 13%. Lyft’s (LYFT) market cap is a paltry $5.8 billion, and shares are off by 20%. These bearish stats reflect the reality that established ride-hailing giants face: Driverless cars from well-capitalized players are coming for their businesses, and Uber and Lyft are [...]
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