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Lyft already has substantially lower driver fees. At 30 hours/week it only takes 10% and at 50 hours/week it takes 0%.
by pbreit 11y ago
Lyft already has substantially lower driver fees. At 30 hours/week it only takes 10% and at 50 hours/week it takes 0%.
- rockarage 11y ago10% is a bit higher than we need to charge and 0% is not sustainable. This why Lyft is burning so much money. No need to do 0% percent, sensible drivers know you need to make some money too.
- pbreit 11y agoWell, if Lines work out in Lyft's favor, it could in theory make money (or lose money) even at 0% take rate. But of course, not all driver are getting 0% so it is viable.