RIDEGURU
- Lyft's focus is mainly in urban ridesharing market in the US and Canada, while Uber is eyeing for global exposure beyond just ridesharing verticals.
- From the geographical and vertical perspectives, Lyft's expansion strategy indicates that it's the less ambitious competitor compared to Uber.
- Global mobility space is projected to be a $15 trillion market, driven by the growth in the logistics market. We think Lyft will miss out on this opportunity.
https://seekingalpha-com.cdn.ampproject.org/c/s/seekingalpha.com/amp/article/4287792-lyft-disruptive-enough
Lyft: Not Disruptive Enough
Posted 5 years, 3 months ago
Posted In
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Posted By
Smitten Kitten (SmittenKitten)
2098
Rider
Ride Scholar from Washington DC
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Comments
Uber is losing their shirts and more globally to competition lime DIDI, OLA, BOLT etc. Lyft is happy for now to stick to the domestic market and steal market share from Uber which they have done well so far. That's why they're in a race to the bottom. Rideshare is just not a profitable business, it won't be unless rides are priced correctly for the likes of U/L and the drivers
I guess compared to Uber, sure. but we all knew that, right?
They have always been the more cautious cousin of Uber. It beats me why they are hugely in debt and no profits in the forecast (just like Uber).