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You have to put that $4.5B loss into context. Like someone else in here pointed out - they 2x'd revenue and 1.5x'd costs - which is actually great to see. If t
by askafriend 9y ago
You have to put that $4.5B loss into context.
Like someone else in here pointed out - they 2x'd revenue and 1.5x'd costs - which is actually great to see. If they keep that kind of trend going with revenue growth, they'll have an incredible business on their hands.
Of course, there are hurdles along the way, but if they did that in 2017 with all that turmoil, then I think they'll do fine under Dara's leadership which seems promising so far.
- Eridrus 9y agoLast time I tried to piece it together, they we're losing maybe a dollar or two per ride, it all adds up to large losses, but didn't seem large enough to change my purchasing decisions - unless Lyft has a cheaper price, so my read on the losses is that both Lyft and Uber are burning VC money because it's what they have to do, and rides will get more expensive once the VC money runs out, but not meaningfully more expensive to really change the market. This is just what competition looks like.