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What makes you think Lyft is doing better than Uber? The biggest chunk of Uber's non-stock losses came from Uber Eats. They're sacrificing profits for growth r
by mkolodny 7y ago
What makes you think Lyft is doing better than Uber?
The biggest chunk of Uber's non-stock losses came from Uber Eats. They're sacrificing profits for growth right now in food delivery.
The ridesharing business is more stable than food delivery. So both Uber and Lyft have better ridesharing profits. Uber theoretically has more potential value than Lyft (food delivery/freight). To capture that extra value, they're spending more money.
Joel Spolsky has a great blog post about "Land Grab" companies: https://www.joelonsoftware.com/2000/05/12/strategy-letter-i-ben-and-jerrys-vs-amazon/ https://www.joelonsoftware.com/2000/05/12/strategy-letter-i-...