Uber selling its leasing business to get an advantage over Lyft

Uber's leasing business never really took off, and now the ride-sharing company has sold off that piece of the business in an attempt to become more competitive with rival Lyft. “The large losses they incurred were not unexpected because they don’t have the data to put together a leasing business," Mark Jansen, assistant professor of Finance at the David Eccles School of Business told [...]