The End of Cheap Ride-Hail, a Teen Hacker, and More News

Uber and Lyft may soon raise their prices, a bored teenager hacked popular education software, and Apple is upping its bounty to find iPhone vulnerabilities.

Here's the news you need to know, in two minutes or less.

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Uber and Lyft suggest the days of cheap rides could be over

Uber and Lyft reported quarterly financial results this week and they're still losing plenty of money.

It seems that for now the two are more focused on improving profitability, and less on competing with each other, which means cheap rides and coupons may soon be a thing of the past.