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With so many companies going WFH permanently even after COVID, how will this impact Uber/Lyft revenue?
by zoolander2 6y ago
With so many companies going WFH permanently even after COVID, how will this impact Uber/Lyft revenue?
- dmurray 6y agoPositively, perhaps. If you don't need a car to commute, you're more likely not to own one and use ridesharing when you do need to go somewhere by car. Most people don't use Uber/Lyft for their daily commute (yes, no doubt some on HN do). It can't make economic sense compared to driving yourself.
- bllguo 6y agojust re: your last statement, it could make sense if parking costs are high enough. but otherwise, good points
- zoolander2 6y agoa ton of people I know who live in metro cities (sf, nyc, chicago, etc) used rideshare daily for commute, it's slightly more expensive than public transit and many employers either pay for or subsidize for it.
- tinyhouse 6y agoI think they will do just fine. Uber has Eats which many people who WFH use. Also, remote companies mean lots of travel as employees need to meet in person at least twice a year. Uber and Lyft benefit greatly from business travel.
- veggieburglar 6y agoUber Eats is a dumpster fire burning cash, so I don’t think it helps Uber’s bottom line very much to increase that side of their business.
- hathym 6y agoWhy do HN cares so much about uber and lyft?