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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

#21

Post by LethargicStud »

TallGuyShort wrote: post #11

Agree with all the comments here about how the actual statistic here shouldn't lead one to the conclusion that it may on the surface. But... Every time I've visited a big city of the last few years, "Uber" has been the verb for just grabbing a ride-share. My last 2 visits to a big city over the law few months, "Lyft" has been the go-to that people talk about. I'm pretty sure the tide is shifting in Lyft's favor, this…

This is very anecdotal. I really wish we had data on market share, costs, revenues, etc. Obviously we won't have even most of the picture until both companies are public, but at this point it seems like all of these articles are just speculation. When I interned at Uber, media estimates were pretty inaccurate.

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

#22

Post by spaceflunky »

121789 wrote: post #12
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.

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!"

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

#23

Post by magicaljyy »

maccard wrote: post #17
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'm currently in the Triangle area in North Carolina, there seems to be plenty of lyft users here.

This seems to be survivorship bias. Since you like lyft, you are more likely to be friends with people who also like lyft. OR to phrase it better, you and people who like lyft have more in common.

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

#24

Post by lanius »

121789 wrote: post #12
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.

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…

In Southern California, Lyft is always the first choice among my coworkers. It's consistently cheaper than Uber, often significantly so.

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

#25

Post by spaceflunky »

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?

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

#26

Post by Scoundreller »

stochastic_monk wrote: post #20
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…

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.

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

#27

Post by sbarre »

LethargicStud wrote: post #21
TallGuyShort wrote: post #11

Agree with all the comments here about how the actual statistic here shouldn't lead one to the conclusion that it may on the surface. But... Every time I've visited a big city of the last few years, "Uber" has been the verb for just grabbing a ride-share. My last 2 visits to a big city over the law few months, "Lyft" has been the go-to that people talk about. I'm pretty sure the tide is shifting in Lyft's favor, this…

This is very anecdotal. I really wish we had data on market share, costs, revenues, etc. Obviously we won't have even most of the picture until both companies are public, but at this point it seems like all of these articles are just speculation. When I interned at Uber, media estimates were pretty inaccurate.

> When I interned at Uber, media estimates were pretty inaccurate

How confident were you in the accuracy of the internal numbers being shared? ;-)

Devil's advocate question for sure, but I've been at companies where real numbers of all kinds were casually inflated internally during communications for morale (or just to flatter management's ego)..

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

#28

Post by kayoone »

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.

but if they are entering markets where Uber already exists, wouldn't there users mainly be ex-uber users ? unlikely that all of them are new users. Unless people user both at the same time, but it could still eat into ubers revenue in those regions.

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

#29

Post by nothrabannosir »

ferongr wrote: post #19
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…

True. Here in Europe in general, Lyft is uknown, but, at least here in Greece, everyone sings the praises of Uber, in comparison to the terrible service normal taxis provide. HN is not only a regional but also an ideological bubble, and it seems to hate companies that are doing well for themselves (except Apple and Musk-affiliated gigs).

> 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.

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

#30

Post by manojlds »

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 is a household name in many cities in India now. Surely, the same is the case in many other countries.
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