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Lyft raises $500M
- rodionos 10y agoTo mods: it would be great if paywalled content was marked as such as part of the title, similar to [video] etc. It would have saved users a bunch clicks.
- ridruejo 10y agoClick on the "Web" link next to the story. Will take you to Google and from there is free
- devy 10y agoNo it still didn't work for me. I think I burst out their free article quota for the month.
- frgtpsswrdlame 10y agoTry the google cache version. It usually works for me on ft. https://webcache.googleusercontent.com/search?q=cache:XCaMdJeVUagJ:https://www.ft.com/content/c5a5eb26-ab85-39c7-9dcf-2bf825c2f87c+&cd=2&hl=en&ct=clnk&gl=us https://webcache.googleusercontent.com/search?q=cache:XCaMdJ...
- ridruejo 10y agoOpen in incognito mode...
- dogecoinbase 10y agoIf you only read content that's given to you for free, you'll only learn things that someone else has paid to show you.
- rodionos 10y agoI'm already subscribed to paid sources, Economist for example.
- smb06 10y agoI've edited the title to reflect that. Thanks for your feedback!
- shaohua 10y agohttp://www.cnbc.com/2017/04/06/lyft-funding-round-valuation-update-500-million-round-amid-turmoil-at-uber.html http://www.cnbc.com/2017/04/06/lyft-funding-round-valuation-...
- dang 10y agoThanks. We changed the URL from https://www.ft.com/content/c5a5eb26-ab85-39c7-9dcf-2bf825c2f87c https://www.ft.com/content/c5a5eb26-ab85-39c7-9dcf-2bf825c2f....
- askafriend 10y agoHow pronounced do y'all think the capital vacuum effect is? Do these constant and large raises by Uber/Lyft have a meaningful effect on other ventures getting funded?
- hkmurakami 10y agoI'd think of it from the inverse perspective. If they weren't continuing to be funded, with the preponderance of opinion pieces on their questionable unit economics, then we'd certainly have a negative effect on overall fundraising sentiment.
- brentm 10y agoThe valuation difference between Uber & Lyft is staggering. Based only on brand recognition and valuation Lyft seems like the better investment today. Lyft's biggest risk is probably Uber's ability to withstand losses that would kill almost any other company but Lyft has refused to die. They might be the surprise leader out of those two companies 10 years from now. Unless Uber has made great gains in their profitability they seem likely to be messy on the public markets which will lead to all kinds of problems.
- SubiculumCode 10y agoLyfts biggest problem is the media's tendency to refer to the industry as Uber. Kind of like search is to Google, and wiping noses is to Kleenex.
- drwl 10y agorelated: http://english.stackexchange.com/questions/7235/what-is-a-word-phrase-for-using-a-term-for-a-popular-special-case-instead-of-a-g http://english.stackexchange.com/questions/7235/what-is-a-wo...
- SubiculumCode 10y agoglad to know that there are so many terms for the phenomenon.
- pisarzp 10y agoYou can't forget the difference in scale. Lyft is only in USA, while Uber is a global company. For them to enter Europe/Asia now, would mean tremendous investment.
- prostoalex 10y agoWould be interesting to know if revenues and profits match that valuation at the same 10x coefficient.
- MegaButts 10y agoWhat does this make the runway for Lyft?
- lacampbell 10y agoA good time for lyft to take advantage of all of ubers bad press. It seems pretty clear that ride-sharing is here to stay but uber may not be.
- misterbowfinger 10y agoIf Uber goes away, it'd be the next TiVo
- aantix 10y agoUber vs Lyft sort of reminds me of the old Digg vs Reddit rivalry. Digg had all of the attention (and marketshare), got courted with a few acquisition offers and ends up flaming out... And in the background is Reddit, just plugging away, doing what it does best and long term, ends up being more influential.
- flamedoge 10y agoIs it just me or sometimes showing that you're not trying so hard to shove down unqualified, opinionated product is better than such marketing?
- JimboOmega 10y agoUber hasn't had any scandals that really impact the rider experience, though. They certainly always could ruin their product with useless features, but so far they haven't.
- patrickthebold 10y agoIt's so easy to switch apps, and most drivers have both, so some people (at least me) will switch just because of the bad press, on principle.
- nojvek 10y agoI already did that. Wait time is same and Lyft sometimes comes out to be cheaper. Uber doesn't have any competitive advantage in my view. Also their recent sexual discrimination, Waymo vs Uber case and not applying licence in California speaks volumes that playing dirty is in the DNA.
- deleted 10y ago[deleted]
- sebleon 10y agoUber has made some tremendous progress towards offering self-driving cars, which completely changes the economics of ride sharing. Lyft might be quietly making moves in this direction too, but I'd worry about their ability to stay competitive without an aggressive self-driving initiative.
- toomuchtodo 10y agoAll that self driving progress Uber made is going to be wiped out by Google's lawsuit.
- sebleon 10y agoThey'll probably settle and move on with life
- aetherson 10y agoI'm not sure that Waymo's lawsuit is the existential threat to Uber's self-driving program that other people think it is. But if we grant for a moment the premise that the lawsuit could substantially set back Uber's program if it is won, and that it has a decent chance of winning, then what is the incentive for Google to settle? Uber doesn't just get to decide to settle unilaterally. If we don't grant that premise, what is our basis for believing that the premise is untrue? Personally, I don't claim to really understand the ins and outs of these kinds of lawsuits, and am comfortably agnostic.
- rhino369 10y agoOne reason for settlement would be a partnership.
- toomuchtodo 10y agoYeah, but Google doesn't need Uber. Google has the self driving tech (clearly), has the reach (Google Maps on Android and iOS). Uber? Ain't nobody need Uber.
- iblaine 10y agoUber has raised $2B and is valued at $7.5B. I guess that is ok. At such a low multiple, does that imply employees are getting diluted more than normal?
- hobonumber1 10y agoYou mean Lyft.
- euske 10y agoThere's a recent NPR podcast interviewing John Zimmer, one of the Lyft founders: http://www.npr.org/series/490248027/how-i-built-this http://www.npr.org/series/490248027/how-i-built-this Sounded like he's a pretty straight person. I liked it.