Their continued spending spree to incentivize riders suggests otherwise. Uber seems to only give a first trip incentive, but I&#x27;ve gotten hundreds of dollars worth of free trips, 50% off trips, etc with Lyft. If riders aren&#x27;t sticking around (and all the money they seem to be throwing around suggests that they aren&#x27;t), then it doesn&#x27;t seem to be defying any expectations.<p>I&#x27;d expect a free or half-priced alternative to do well, I just wouldn&#x27;t expect it to be a good business. I think it&#x27;s telling that they didn&#x27;t have any traditional investors in their most recent round. VCs seem to want nothing to do with Lyft at this point. Only time will tell if GM is a better investor than every VC who passed. I suspect that they&#x27;re not and that Lyft doesn&#x27;t have much of a business (Line trips are likely never profitable, and they seem to have a problem keeping riders around that Uber doesn&#x27;t seem to have).