Uber, Lyft Settle Litigation Involving Top Executives

[HardOCP News]

It looks as though Uber and Lyft have decided to stop suing each other. Under terms of the deal, Uber will quit poaching Lyft employees and Lyft will quit hacking Uber. Or something like that.

Lyft and its former chief operating officer Travis VanderZanden ended litigation in a California state court in which Lyft accused VanderZanden of breaking his confidentiality pledges when he went to work for Uber. Uber also withdrew a subpoena on Monday in separate litigation over a data breach at Uber, which had targeted an Internet address assigned to Lyft's chief technology officer (CTO), according to a court filing.

 

[tetris42]

And this is how oligopolies are made. It's more profitable to work with your competitors so that everyone sets their prices higher and pays their workers less than to actually compete.