Lyft is bleeding less money, aims at being profitable by 2018

Lyft has had one of the best years in its short history, according to leaked data published by The Information. The company lost $600 million last year, with a corresponding revenue of $700 million. This is an improvement from past years, particularly 2015, when the company's losses were estimated to be about $400 million, twice the revenue for the same year.

While these figures are very good news for the company, they still don't mean much in the battle against Uber, its much bigger competitor, which, in comparison, lost more than $800 million in Q3 of 2016 alone. It seems Lyft isn't focusing ...