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Is the driver driving 2 cars at the same time? Is he making two travels one for Uber one for Lyft at the same time?

No, but at any given moment he is signed in and available on both platforms. Who should front the bill for the waiting time?

The same people who are fronting the bill right now. Nobody.

You can’t do jobs for two ride sharing companies at the same time.

You just can’t take two different people to two different destinations in one car.

> You just can’t take two different people to two different destinations in one car.

Yes you can - that's literally how carpooling (or UberPool, Lyft-line etc) work.

I think he means you can't (or it's not feasible) to do both an Uber ride AND a Lyft ride at the same time. Unless they magically align, you will be punished for going off itinerary for both.

Nobody drives for Uber and Lyft at the same time either.