4 ms·
Last 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
by Eridrus 9y ago
Last 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.