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How come? Fewer markets?
by elektor 4y ago
How come? Fewer markets?
- jeffbee 4y agoA much smaller company that has never turned a profit, where the sharedholder's equity will soon become negative. They can't afford to lose money forever, and they've never demonstrated they can make money.
- cozzyd 4y agoWell Lyft runs the bikeshare system here which I use a lot so hopefully they don't go out of business too soon... (I almost never use ride share...)
- jeffbee 4y agoI quit the bike share because the prices are way too high now. It bothers me that Lyft is going to fail and take down dozens of bike share networks across the country.
- moralestapia 4y agoSame business model, so similar margins and problems BUT Uber has 10x more brand presence, cash flow, runway and valuation. Both companies are crashing down but one of them is closer to the floor.