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Lyft in Trouble

blog.pragmaticengineer.com

11–20 of 22 posts

Re: Lyft in Trouble

#11

Funny that he left the incorrect numbers in his tweet and pointed to his blog for the fixed numbers, even though he’s paying for the ability to edit tweets. That’s one way to drive traffic, I guess.

He claims he can’t edit after they’re posted.

It's correct that Tweets can't be edited after a certain amount of time. But given how incorrect this information is, he should delete this tweet.

Re: Lyft in Trouble

#13

Earlier quoted context omitted.

He claims he can’t edit after they’re posted.

It's correct that Tweets can't be edited after a certain amount of time. But given how incorrect this information is, he should delete this tweet.

I wrote the tweet. Didn’t realize it’s would be posted here.

I cannot edit tweets after it has replies (apparently by design). I added follow-up tweets, but seeing those are not read: I deleted the tweet.

Here are numbers in context, not looking at stock-based comp: https://blog.pragmaticengineer.com/

Re: Lyft in Trouble

#14
post #4

As a reply further down points out, half of their loss is in the form of stock based comp and that doesn't affect free cash flow, so Lyft isn't quite going out business in the next year. The situation is still pretty dire, however. It's crazy to me that Lyft still hasn't entered the food and grocery delivery market when it has been abundantly clear for years that that's where the money is. And in 10+ years of operati…

> has been abundantly clear for years that that's where the money is

Can you provide some data for this?

Previous discussion: https://news.ycombinator.com/item?id=26392154

Re: Lyft in Trouble

#15

I wrote this tweet but didn’t realize it would get picked up. The numbers are not correct (or ant least misleading due to stock-based comp) and I can’t edit it. I deleted the tweet and here are correct numbers: https://blog.pragmaticengineer.com/

Thanks for the clarification! Also your blog is great

Re: Lyft in Trouble

#17

I wrote this tweet but didn’t realize it would get picked up. The numbers are not correct (or ant least misleading due to stock-based comp) and I can’t edit it. I deleted the tweet and here are correct numbers: https://blog.pragmaticengineer.com/

Ok, we've changed the URL from https://twitter.com/GergelyOrosz/status/1641089770796249088 to https://blog.pragmaticengineer.com/lyft-in-trouble/. Thanks!

Re: Lyft in Trouble

#18
I hope not. Boo on consolidation.

If Lyft were to die, then Uber would be left with a monopoly, it would jack up prices, and we'd be right back to where we were before "ride-sharing", except now higher-tech and more dystopian.

In fact, if for-profit ride-hailing consolidates too much, then we should make an easy open source version that local governments can use/administer at cost. It'd be a public good.

Re: Lyft in Trouble

#19

How much stock does the author still have in Uber?

sigh I am the author. I have zero stock or any financial exposure in Uber, Lyft, or any other company I mention: and in the rare cases that I do have (because I am an investor) then I disclose it. Here's the list of all companies I've invested (and I no longer invest in any, exactly to avoid biases) [1]. I don't get paid to write about companies. All of what I write is my analysis and opinion.

Here is my ethics policy [2], and the article starts by mentioning the above, as well as linking to my ethics policy.

[1] https://blog.pragmaticengineer.com/investing/

[2] https://blog.pragmaticengineer.com/ethics-statement/

Re: Lyft in Trouble

#20

I hope not. Boo on consolidation. If Lyft were to die, then Uber would be left with a monopoly, it would jack up prices, and we'd be right back to where we were before "ride-sharing", except now higher-tech and more dystopian. In fact, if for-profit ride-hailing consolidates too much, then we should make an easy open source version that local governments can use/administer at cost. It'd be a public good.

Very right, but I would say that we have much more access. Just using Pittsburgh as an example. Pre-Uber, you could try to call for a cab to the airport. Maybe they would come in 45 minutes, maybe an hour and a half, maybe never. Even scheduling ahead didn’t help. Now you can get a ride in 5-10 minutes any time.
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