3 ms·
I took a look at some of Lyft's metrics [1,2,3], but would be interested in seeing a more nuanced breakdown of their expenditures. You mention driver signup bon
by subroutine 8y ago
I took a look at some of Lyft's metrics [1,2,3], but would be interested in seeing a more nuanced breakdown of their expenditures. You mention driver signup bonuses are a major expense, and is "The only reason they aren't" profitable today. Is this a fact?
[1] https://craft.co/lyft/metrics https://craft.co/lyft/metrics
[2] https://dashboards.trefis.com/no-login-required/zrRBRShU https://dashboards.trefis.com/no-login-required/zrRBRShU
[3] https://www.forbes.com/sites/greatspeculations/2018/10/10/a-closer-look-at-lyfts-valuation https://www.forbes.com/sites/greatspeculations/2018/10/10/a-...
- Nasrudith 8y agoWouldn't it be far more sustainable to just boost base rate with the money instead to reduce churn? It sounds like a perverse incentive of metrics to reward new drivers instead of total ones.