Lyft, the second-biggest ride-hailing company in the United States behind Uber, has acknowledged how tough the industry has become — but has found that its options are limited. never made a written offer to buy Lyft, said the people, and in the end, Lyft did not find a buyer. Advertisement Continue reading the main storyTensions have escalated in the industry in recent months as some ride-hailing companies have grappled with their most expensive operations. Representatives from Lyft, Google, Amazon, Apple, G.M., Didi and Uber declined to comment on talks. Companies like Lyft and Uber typically take 20 percent to 25 percent of the cost of each ride.

Source: New York Times August 19, 2016 19:55 UTC