121–130 of 595 posts
Its a pretty sobering time.
I recall Lyft being the highest paying company with respect to rank, according to levels.fyi. I guess I'm glad I don't work there right now.
Lyft SWE here. Can confirm. My Lyft offer was significantly greater than Google, Uber etc. That said, with 20/20 hindsight, Google would have been a safer choice.
This seems like a great time for Amazon or Google to buy Lyft. Amazon could bundle rides with package deliveries and get the pre-existing driver and passenger network from Lyft. Lyft was actually telling drivers to work with Amazon when the pandemic started (1). Waymo could take Lyft’s aggregated rider demand. They already have a partnership to transfer autonomous rides from Waymo to Lyft during bad weather situation…
a great time for Amazon or Google to buy Lyft ...What would they do with it? The business model (also uber) as-is makes a loss. Uber/Lyft's initial proposition was that once ride sharing incumbents were established, they'd have a software-ish monopoly and margins. This did not work out. Now the proposition is "When driverless cars get invented..." If google had a car that can drive itself, they can figure out an app.…
- The tech companies having issues during covid-19 are all heavily invested in travel/transportation(Uber/Lyft/Airbnb etc). - They also are in industries that entirely use gig workers with personal contact in 90% of their services(airbnb the least of these). - I don't see other tech companies getting hit this hard(the sky is not falling!). - I really, really hope these laid off engineers find other jobs quickly and l…
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Not to get too far on this tangent, but, for me, "jetty" doesn't evoke "jettison" but either: 1) Those little docks like in Venice (cf. "Let me off at this jetty" in The Last Crusade ). 2) The jetty server library that Jenkins uses which shows up in error messages.
3) the short film that 12 Monkeys was based on
As a company, is there reason to believe that Uber can better weather the storm? Does Lyft do anything other than rides?
Uber operates globally (and owns minority stake wherever it doesn't operate), so as the world begins to gradually re-open, Uber will capture that revenue even if the US is still fucked.
Uber has $8B cash.
Uber rides were "adjusted EBITDA" profitable for 2 straight quarters before this — take "adjusted EBITDA" with a grain of salt, but it's also not "nothing".
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Isn't a "jetty" a defensive barrier to protect a harbor against storm tides? Dumb move to accidentally invite everyone to a meeting with a codename, but not a dumb codename as you protect a company from a storm.
Not to get too far on this tangent, but, for me, "jetty" doesn't evoke "jettison" but either: 1) Those little docks like in Venice (cf. "Let me off at this jetty" in The Last Crusade ). 2) The jetty server library that Jenkins uses which shows up in error messages.
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Lyft SWE here. Can confirm. My Lyft offer was significantly greater than Google, Uber etc. That said, with 20/20 hindsight, Google would have been a safer choice.
Is Lyft a sensible work week in exchange for their positively mental salaries?
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> anything to pay people in stock, since it just siphons off value from all existing stock wait what?
Creating new shares dilutes the existing share value. Paying employees in shares means you're diluting the stock value every time. Of course, for most publicly traded companies there are so many outstanding shares that this is negligible.
> Lyft is laying off 17 percent of its workforce and furloughing 5 percent. This is after an employment lawyer at the company accidentally invited much of the workforce to a weekend meeting called "Jetty" in what workers took to be a reference to jettisoning jobs. https://twitter.com/kateconger/status/1255526352813535232
That's incredibly insulting.