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Lyft says its revenue is growing nearly 3x faster than Uber’s

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Re: Lyft says its revenue is growing nearly 3x faster than Uber’s

#111

Post by dsacco »

spaceflunky wrote: post #22
121789 wrote: post #12

Earlier quoted context omitted.

Anecdotally I haven't found this HN-wide negative sentiment of Uber (and narrative of its decline) to be shared anywhere else in the US. My extended family in the southeast and northeast US is familiar with Uber (without using it), but they haven't heard of Lyft. When I lived in Chicago, most of my peers had Lyft, but Uber was the always the first choice. Does anyone else see the same trend? The bay area certainly se…

I noticed the same thing about my family in Phoenix who has nothing to do with the tech industry. They think they're very savvy for having the Uber app and knowing how to use it. In fact my uncle was bragging about some uber benefit he gets via his amex platinum card. They've never heard of Lyft and don't know anything about any Uber controversy other than the fact that 'taxi drivers hate it!"

> They think they're very savvy for having the Uber app and knowing how to use it. In fact my uncle was bragging about some uber benefit he gets via his amex platinum card.

In fairness, it’s a great benefit.

Re: Lyft says its revenue is growing nearly 3x faster than Uber’s

#112

Post by chiefalchemist »

Pardon the micro-rant, but this is yet another great example of fake news. It's everywhere.

Factually accurate, but none the less closer to bias / propaganda than truth. Unnecessary and inappropriate.

Techcrunch (and all others who choose to deny their journalistic responsibilities) should be embarrassed for being so willing to publish such click bait-y headlines.

Perhaps greed isn't so good after all?

Re: Lyft says its revenue is growing nearly 3x faster than Uber’s

#113

Post by chiefalchemist »

Lukeas14 wrote: post #3

Sounds nice from a PR standpoint but you can't really compare the two companies based on revenue growth. Lyft is still a smaller company so in a global industry it's much easier for it to grow faster on a percentage basis. They're still expanding to cities where Uber already exists. If you started a rideshare company and gave 11 rides this month you'd be growing 10x faster than Lyft.

Clearly, Techcrunch should know better.

Re: Lyft says its revenue is growing nearly 3x faster than Uber’s

#114

Post by lagadu »

richardknop wrote: post #65
praneshp wrote: post #53

Earlier quoted context omitted.

> There's a dozen copycats that do it exactly as well as Uber Can you name 3?

Disclaimer: I work for Grab The competition in ride-hailing industry is pretty intense right now actually. You have several big players: - Ola (India) - Didi (China + Brazil & perhaps Japan soon) - Grab (Southeast Asia) - Go-Jek (Indonesia, a very populous country with 250 million by the way) - Uber (global but has retreated from certain markets already, see Uber/Didi deal in China) - Lyft (US/Canada) - bunch of star…

You just listed why Uber is so valuable: none of the others have anywhere near the global range Uber has. Even if Uber banned in a couple European countries they're still widespread enough worldwide to be a better alternative than because of a simple fact: I already have the app setup and running on my phone, which isn't true for any other ones you listed, which either don't operate in the continent at all or are regional to the point of near-uselessness.

In other words: when I travel somewhere, be that a different city or country, I'll by default have Uber already running on my phone; I don't have whatever regional equivalent there is there. This also works the other way around: because I have Uber setup for whenever I travel, I end up using it over any local apps because it's already there and another taxi app offers me nothing that Uber doesn't. I'd love for Lyft or anything similar to get off their asses and expand internationally but I suspect I'll be an old man by the time that happens in any serious capacity.

edit: for example you said you work for Grab. Ok, granted that people from other countries are likely just a tiny market not worth chasing so you don't particularly care whether I use Uber whenever I visit SG, that's fine. But users in SG surely care about only needing one application whenever they travel abroad, which drives adoption towards Uber in Grab's detriment; that's a big reason why Uber is so valuable. From reading the Grab website it looks like that's exactly what Grab is chasing too: expansion into other markets (and props for already supporting multiple countries, along with the app being totally fine with my unsupported country phone number).

Re: Lyft says its revenue is growing nearly 3x faster than Uber’s

#115

Post by bonesss »

spaceflunky wrote: post #25
ravenstine wrote: post #6

I remember when Uber was clearly dominant. That was over a year go. For the past two conferences I've been to, including the one I'm at now(Ember Conf), EVERYONE has been using Lyft. It really is possible for a company to piss off enough people.

Google wasn't the first search engine... Apple didn't sell the first smartphone or tablet... Facebook wasn't the first social media site... Amazon wasn't the first to sell shit online... And Lyft wasn't the first ride-sharing app. Maybe being first to market is overrated?

> Maybe being first to market is overrated?

Sometimes being first to market yields an unshakable dominance in that market for a long time to come... Mostly not though :)

What you're pointing out is often called 'second movers advantage'. Apples iPhone is a pretty decent example: by not being the first phone provider Apple got to enter a maturing market with a mature offering, use their own core competencies, and dominate. That's hard to do if you're bogged down with backwards compatibility and fighting to make the tech possible.

Re: Lyft says its revenue is growing nearly 3x faster than Uber’s

#116

Post by jschwartzi »

ethbro wrote: post #71
johnfn wrote: post #68

Earlier quoted context omitted.

Are you sure about your first assertion? It is well known that HN is gratuitously negative about everything. SpaceX is the exception, rather than the rule - and you'd be hard pressed to find another company with quite such a positive reputation on HN.

I attribute SpaceX and Tesla love to the "ask a kindergartner what they want to be" phenomenon. Everyone, regardless of field, can relate to rockets and cars. Far fewer people would relate to, say, optimizing insurance benefit payments.

It's deeper than that. People here like Tesla because it's forcing other car makers to build decent electric cars. That's something that needs to happen if we're going to move away from fossil fuel dependence.

SpaceX is cool because there's a really good chance they'll be more successful at missions to the moon and Mars than NASA has been recently. They're both forward-thinking companies.

Re: Lyft says its revenue is growing nearly 3x faster than Uber’s

#117

Post by cholantesh »

Scoundreller wrote: post #26
stochastic_monk wrote: post #20

Earlier quoted context omitted.

All of my friends in the states take Lyft. My friends in other countries use Uber.

Lyft's international expansion has only started recently into Canada about 5 months ago.

Yeah, and I keep seeing ads for Maven around. But public consciousness is very high for Uber. The average user that I see doesn't know or care about its internal problems.

Re: Lyft says its revenue is growing nearly 3x faster than Uber’s

#118

Post by yellow_postit »

tootie wrote: post #41
ravenstine wrote: post #6

I remember when Uber was clearly dominant. That was over a year go. For the past two conferences I've been to, including the one I'm at now(Ember Conf), EVERYONE has been using Lyft. It really is possible for a company to piss off enough people.

Uber has been ridiculously overvalued. They're core offering an app for hailing taxis. There's a dozen copycats that do it exactly as well as Uber. They are #1 by being first to market and establishing a strong brand. Their product is extremely vulnerable.

They also have no moat on either the consumer or driver side. Apps are trivial to install. Drivers can easily run multiple. It really is a race to see who can get another related business off the ground first.

Re: Lyft says its revenue is growing nearly 3x faster than Uber’s

#119

Post by spaceflunky »

hn_throwaway_99 wrote: post #75
sdenton4 wrote: post #72

Earlier quoted context omitted.

Amazon was a leap up from other online booksellers, just as Google was a leap up from other search engines... Lyft isn't a leap up from Uber. But I do stick with Lyft because Uber's been so cold.

What other online booksellers were there in 1995? I don't remember any.

Barnes and Noble was around, but they just did not take it seriously enough

Re: Lyft says its revenue is growing nearly 3x faster than Uber’s

#120

Post by shaki-dora »

misun78 wrote: post #58
nothrabannosir wrote: post #29

Earlier quoted context omitted.

> and [HN] seems to hate companies that are doing well for themselves Well, that— and , maybe, a pinch of Company-wide culture of sexual harassment.

Also source required where the number of sexual harassment cases at Uber > the number at a comparatively sized company. Otherwise you are just going off of who gets the most publicity in the media.

You’re asking for something impossible, I.e. proof of something that cannot be proven. After all, any sort of statistic I could find would be tainted by your “media bias” catch-all.
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