But they are? Lyft laid off 17% of its staff the other day, despite promising no layoffs weeks ago [1]. Lyft doesn’t have Uber’s exposure in other business sectors like food delivery or scooters (a sector it actually exited in November), and it doesn’t have Uber’s global business (for better or for worse — it could be better now but be worse if other parts of the world recover before the US), but I would hardly call it the “smarter, more mature company.”

This sector is in trouble, period. Lyft is the smaller player. That could work to their advantage or not — but I would say both companies are experiencing the same pain and are equally troubled.

[1]: https://www.businessinsider.com/laid-off-lyft-employees-desc...