Cydni Elledge
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Lyft shares are underperforming compared to its main competitor, Uber, spiking concerns that the rideshare company may have to offset its losses with price gouging and cost-cutting measures.
REUTERS/Bob Strong
Uber announced it reached a record revenue last year, overcoming the economic downturn many companies have faced in recent months.
Tayfun Coskun/Anadolu Agency via Getty Images
As the old adage goes: Time is money. And now there’s one more reason to watch the clock. Lyft has quietly added wait time fees to its cost scheme. If you request a car and aren’t present at the pick up point within two minutes (or 5 minutes for luxury rides) of the scheduled arrival time, the rideshare app will now…