Uber Vows To Bury Lyft -- With Money - NBC Bay Area

Uber Vows To Bury Lyft -- With Money

Uber pledges to kill off Lyft's moves into other markets with free car rides.



    Battle of the Bays: The Backstory You Need
    Uber plans to squelch Lyft's move into other markets by offering its own service to potential Lyft customers for free.

    In the Cold War of unregulated taxi cabs -- or in tech parlance, innovative transit alternatives -- Uber is channeling its inner Khrushchev.

    Uber is working hard to make sure smaller Lyft doesn't get a share of emerging markets, according to PandoDaily.

    The older car-booking service reacted to the pink-mustached competitor's move into St. Paul and Indianapolis by offering customers in those cities rides on UberX -- a lower-cost booking service -- for free.

    Uber is able to do the competition-cutting move because of a recent $258 million windfall in raised capital, the tech website reported.

    NFL Players Team Up With Uber

    [BAY] NFL Players Team Up With Uber
    The NFL Players Association announced it is teaming up with the San Francisco-based mobile car service. Joe Rosato Jr. reports.
    (Published Wednesday, Sept. 4, 2013)

    Uber and founder Travis Kalanick "are giving new meaning to the word" aggressive, wrote PandoDaily's Hamish McKenzie -- who identified a tinge of hypocrisy in Uber's business model: Uber likes to complain about how bad taxicabs are, but wants "similarly monopolistic powers" for itself.