Uber is like the classic movie evil villain. They had their enemy dangling over the pit of alligators, but they spent too long giving their final speech and the good guy got away.
If Uber had better direction in the last 2 years they would have completely crushed Lyft, even put them out of business.
But I'm glad they didn't. I like Lyft more and the competition is good for users of both.
I'm not sure this is bad for Uber. Having competition can be helpful politically. It reduces claims of monopolization and makes laws that help "ride sharing" services less likely to be perceived as a favor to a single company.
If Uber had better direction in the last 2 years they would have completely crushed Lyft, even put them out of business.
But I'm glad they didn't. I like Lyft more and the competition is good for users of both.