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In the long term I think this will be a solid move for both Uber & Lyft. The apparent economics of both businesses are relatively dire but the long term value p
by adaisadais 6y ago
In the long term I think this will be a solid move for both Uber & Lyft. The apparent economics of both businesses are relatively dire but the long term value prop is still as important as ever: they are generating the consumer data that will ultimately be used for self driving vehicles.
This will allow both companies to trim the fat and (hopefully) regain the move fast mentality that is necessary for a startup. This can be Uber and Lyfts time to shine.
- hnhg 6y agoDo they fully instrument their drivers vehicles? I'd imagine a lot of sensor data is needed for self-driving cars.
- adaisadais 6y agoNo, but they have a good understanding on routes and areas with high traffic. That data is going to be worth a fortune for the first fully autonomous taxi service.
- luckydata 6y agoI don't think so tbh. Time will tell.
- bagacrap 6y agoAll that routing data (and much more) is also funnelled to Google via Maps/Waze and, to a lesser extent, Apple or other companies with map apps. So I don't think Lyft or Uber have a competitive advantage here, even if the routing data is useful absent full instrumentation. Plus, full self driving seems a bit like a nuclear bomb, by which I mean second place in that race might be worth nothing.