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Article goes to show that even during good times, Uber and Lyft were losing money. To me it looks more like a case of flawed unit economics.
by hat_tr1ck 6y ago
Article goes to show that even during good times, Uber and Lyft were losing money. To me it looks more like a case of flawed unit economics.
- dehrmann 6y agoI think it's more of a story about marketing, consumer habits, driver churn (for Uber and Lyft), and competition. Breaking into an industry is expensive.
- rachelbythebay 6y agoAnd terrible waste and graft. Can't forget that.