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Lyft Is Said to Seek New Funding as Its Rival Uber Stumbles

nytimes.com

191–200 of 527 posts

Re: Lyft Is Said to Seek New Funding as Its Rival Uber Stumbles

#191

Earlier quoted context omitted.

In Europe, your bus fare would be half of the price and probably you would need one or two connections. The public transport is much more developed and to me seems like a much better mass transportation alternative. More ecological, cheaper, less cars overall.

It also helps that Europe and its cities are ... smaller.

[deleted]

Re: Lyft Is Said to Seek New Funding as Its Rival Uber Stumbles

#192

Earlier quoted context omitted.

It also helps that Europe and its cities are ... smaller.

I don't know if you're thinking about area or population, but by either metric London is bigger than any city in the US, and has a much better public transport system.

It's probably a function of both population and area: higher population density makes mass transit more efficient. Europe is much more densely populated than the United States: https://en.wikipedia.org/wiki/List_of_countries_and_territor...

Re: Lyft Is Said to Seek New Funding as Its Rival Uber Stumbles

#193
I'm really surprised that Lyft and Uber are not profitable. As for which is better. Uber once charged my friend $80 for a 15 minute ride in Salt Lake City around midnight. There is a markup and a then there is bend over. They marked up a bend over on that one. I try my best not to use them. I also like the option of giving a tip.

Re: Lyft Is Said to Seek New Funding as Its Rival Uber Stumbles

#194

Here is how I see it. I rely on those rides to go to work every single day and here what it (would) costs me. Uber: $250 a month.(Majority) Lyft: $500 a month (Whenever Uber is too expensive) Bus : $100 a month (1h:15 for 6 miles and 3 buses... No) Politics and all internal conflicts aside, there is a need for these services whether we like it or not. When I need to make a decision in the morning I take whatever is t…

In Europe, your bus fare would be half of the price and probably you would need one or two connections. The public transport is much more developed and to me seems like a much better mass transportation alternative. More ecological, cheaper, less cars overall.

Yes but that's a bus. Public transport is intrinsically a worse and less convenient experience than having a private driver.

Re: Lyft Is Said to Seek New Funding as Its Rival Uber Stumbles

#195

Earlier quoted context omitted.

In Europe, your bus fare would be half of the price and probably you would need one or two connections. The public transport is much more developed and to me seems like a much better mass transportation alternative. More ecological, cheaper, less cars overall.

It also helps that Europe and its cities are ... smaller.

Europe, as a whole, is actually quite similar in size.

But you are right that the cities are more dense.

That's a problem you created yourself, though. You can't say "this would never work here, because we'd never try".

If you change your cities, it would definitely work.

Re: Lyft Is Said to Seek New Funding as Its Rival Uber Stumbles

#196

Here is how I see it. I rely on those rides to go to work every single day and here what it (would) costs me. Uber: $250 a month.(Majority) Lyft: $500 a month (Whenever Uber is too expensive) Bus : $100 a month (1h:15 for 6 miles and 3 buses... No) Politics and all internal conflicts aside, there is a need for these services whether we like it or not. When I need to make a decision in the morning I take whatever is t…

Damn Uber is cheap where you live.

For me to go to work it would be

Uber: $1000 a month, 15 minute drive. Train: $75 a month, takes 5 minutes

Re: Lyft Is Said to Seek New Funding as Its Rival Uber Stumbles

#197
post #194

Earlier quoted context omitted.

In Europe, your bus fare would be half of the price and probably you would need one or two connections. The public transport is much more developed and to me seems like a much better mass transportation alternative. More ecological, cheaper, less cars overall.

Yes but that's a bus. Public transport is intrinsically a worse and less convenient experience than having a private driver.

Not at all. I can work or read on a train. I can't do that in a car. Nor does the car take me to London in 1hr15, at up to 125mph, like the public transport from our town[1] does.

[1] https://en.m.wikipedia.org/wiki/British_Rail_Class_180

Re: Lyft Is Said to Seek New Funding as Its Rival Uber Stumbles

#198

Earlier quoted context omitted.

This can't really be solved by individual consumers. Instead, the government should introduce laws to ensure that drivers make at least minimum wage (after fuel, maintenance, taxes etc). If that is not enough, it might be necessary to raise the minimum wage.

Considering how Uber and Lyft are both loosing money as it is, using government intervention to force them to pay their drivers more will just increase their chances of going out of business and mean there will be no driving jobs at all. In this situation I'd prefer letting the market decide the prices for drivers. They had jobs before Uber, and if Uber starts paying too little then they can try going back to those k…

> Considering how Uber and Lyft are both loosing money as it is...

... maybe they should be subsidized by taxes.

Re: Lyft Is Said to Seek New Funding as Its Rival Uber Stumbles

#199

According to leaked financial in [1], Lyft is expected to generate $32M of net revenue on about $158M of fare, while losing $50M per month. If everything stays the same, Lyft would have to raise rate by 156% to break even. Also, Lyft's growth is mostly purchased: > While rides increased about 11 percent from April to May, fully paid rides, without the use of a coupon or a credit, grew by only 5 percent in that period…

Uber was in a similar situation to Lyft not too long ago. Uber's also already said that they're cash-positive in the US, and Lyft is focused on the US for now.

It's not hard to imagine that after this multi-city expansion, costs will go way down.

I wouldn't qualify the growth as "mostly purchased" when it's... 50/50 couponed/full? That seems to be more a consequence of the multi-city launch than anything.

I'm pretty optimistic of Lyft's chances here (politically motivated by Uber's attitude, granted). They're spending a lot of money to capture parts of a well-defined market (US carsharing), and have a PR edge with informed riders.

Uber could theoretically start couponing to hell and back in the US again, but they're going to run out of money someday.

Re: Lyft Is Said to Seek New Funding as Its Rival Uber Stumbles

#200
post #94

Earlier quoted context omitted.

This is a complaint against American culture in a broader sense, not really Lyft specifically. Valid complaint for sure, just misdirected.

No, it's a complaint against Lyft since they made a conscious decision to include tipping, while their main competitor demonstrated that modern American companies do not need to bow to stupid customs. [edit: shouldn't have implied that Uber is financially successful]

That same competitor pays its drivers less (Lyft takes a smaller cut than Uber). So in this case, tipping has not served as an excuse to pay employees/"contractors" less than the competition.
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