Lyft has lowered ride prices after laying off over 1,000 corporate employees this spring.
As a result, it has claimed some market share from rival Uber, the Wall Street Journal reported.
Both Lyft and Uber have raised ride prices significantly over the last several years.
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As planned, Lyft has lowered prices in the months following the layoffs, the Wall Street Journal reported on Monday.
Persons:
Lyft, Uber, David Risher, —, Risher, DCist
Organizations:
Wall Street Journal, Service, Wall Street, Uber, Forbes, Reuters
Locations:
Wall, Silicon, Washington