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Lyft: Not Disruptive Enough

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SmittenKitten
2004 Rider
 Posted 10 months, 1 week ago

Comments

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    Uberserge
    1279 Rider Driver
     10 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
     10 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).