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Given what the drivers and passengers put into it, it does seem that Lyft's 20% cut seems high - but that 20% is also what justifies backing from the investors.
by brent_noorda 13y ago
Given what the drivers and passengers put into it, it does seem that Lyft's 20% cut seems high - but that 20% is also what justifies backing from the investors. If so, then there's room for a service doing the same brokerage deal for, maybe 10% or 5% (if they cut out the lattes), advertising itself as "cheaper than cabs, AND cheaper than Lyft". Maybe Craig will offer a really crappy UI and do it for free?
- twistedpair 13y agoSounds like a good ole fashioned race to the bottom.