Lyft lays off 17% of workforce, furloughs hundreds more

Post by paulcole » Wed, Apr 29, 2020, 6:39 PM UTC

reaperducer wrote: post #64

stephencoyner wrote: post #19

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…

This seems like a great time for Amazon or Google to buy Lyft Or maybe Apple. Apple has been pouring millions into improving its street views in Apple Maps. It should buy Lyft. Pay the drivers an extra $x/mile to clamp the Apple Maps image gathering device to the roofs of their cars. The drivers win because they get a bump in income in an industry that's already hurting. Apple wins because it gets up-to-date informat…

Post by varjag » Wed, Apr 29, 2020, 6:43 PM UTC

animalgonzales wrote: post #140

stephencoyner wrote: post #19

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…

love that this is the top comment on HN and not the fact that 1k people just lost their ability to pay their rent/mortgages, take care of their families, deal with medical costs.

Post by t_serpico » Wed, Apr 29, 2020, 6:44 PM UTC

roosterdawn wrote: post #123

netcan wrote: post #103

Earlier quoted context omitted.

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.…

Yes, it probably would be a valuable to Amazon. So valuable, in fact, that it already[1] exists. [1] https://flex.amazon.com/

Post by Lammy » Wed, Apr 29, 2020, 6:46 PM UTC

stephencoyner wrote: post #19

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…

Post by redisman » Wed, Apr 29, 2020, 6:48 PM UTC

vmception wrote: post #43

saagarjha wrote: post #21

There was a person in the Uber thread yesterday who predicted this. I wonder if they’ll go back to hiring if this is over or they’re using as an opportunity to get rid of people they shouldn’t have hired in the first place.

Some companies should be billion dollar companies with 30 employees, like when Instagram was bought out in 2012. Headcount is mutually exclusive from how much the enterprise makes and can return to shareholders. If headcount is not directly helping that then it should not be an indefinite relationship. Also, I'm available for hire as a CFO or board member if you think your company has challenges with adopting this ma…