4 ms·
Uber and Lyft are two data points that ride hailing is economical, by market definition.
by minsc__and__boo 6y ago
Uber and Lyft are two data points that ride hailing is economical, by market definition.
- jeffbee 6y agoWhich company's monumental and increasing net losses lead you to this conclusion?
- ghaff 6y agoThere's a market for taxis. And there's almost certainly a market for taxis with good ride-hailing apps (as well as private cars). But they're mostly a product for business travelers and well-paid professionals in urban areas. But I fully expect the VC-funded 50% or so subsidies to go away.
- treis 6y agoBoth are on track to be profitable this year. Lyft probably would have been already if not for Covid.
- jeffbee 6y agoLyft is "on track" to profitability in the same way that I am on track to be the queen of France.
- minsc__and__boo 6y agoWell then you'll have to start going by her highness starting in Q4 2021.
- minsc__and__boo 6y agoProfitability doesn't matter, revenue does in there being a market for ride hailing. You have to assume that Waymo doesn't have the cost of paying drivers income.