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Lyft: Not Disruptive Enough

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SmittenKitten
2002 Rider
 Posted 3 months ago

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    Uberserge
    1230 Rider Driver
     3 months ago

    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

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    DriveMeToTheMoon
    285 Driver Driver
     3 months ago

    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).