The companies have racked up tens of billions of dollars in losses since starting up, and the slump in passenger activity has pushed profitability ever further off into the future. A mix of cost-cutting and shifting the focus from moving people to delivering food has helped them weather the downturn, while raising investors’ confidence that each could finally make a profit before 2021 ends.
With ride-sharing curbed during the pandemic, Uber and Lyft try new routes to profitability
