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Uber seems to be in 581 cities [1] while Lyft in 200 [2]. So this is 3x difference. However, Uber is more global, therefore has much more large cities around t
by pisarzp 9y ago
Uber seems to be in 581 cities [1] while Lyft in 200 [2]. So this is 3x difference.
However, Uber is more global, therefore has much more large cities around the globe. It wouldn't be unreasonable to assume that on average cities are 2-3x larger.
This alone could justify valuation gap. I would also assume that because of global presence, Uber has higher usage due to travellers.
[1] http://uberestimator.com/cities http://uberestimator.com/cities
[2] http://www.theverge.com/2017/1/25/14383370/lyft-expansion-new-cities-list-2017-far-cuts http://www.theverge.com/2017/1/25/14383370/lyft-expansion-ne...
- prostoalex 9y agoAgreed, but from financial perspective the distinction between "profitable cities" and "subsidized cities" is important. As UberChina experience shows, the expansion (to 100 cities, no less https://www.cnet.com/news/uber-pledges-to-expand-to-100-more-chinese-cities/ https://www.cnet.com/news/uber-pledges-to-expand-to-100-more... ) is costly and sometimes turns out to be never sustainable.