As an adult I don't want to get into a car with a huge pink mustache on it.
Get over myself? Sure, but the brand is terrible.
Lyft Files to Raise as Much as $1B
31–40 of 48 posts
Re: Lyft Files to Raise as Much as $1B
#32Taxi fare is something everyone wants to save on. Once Uber and Lyft start making big margin on their service other low key and smaller companies can compete with them. Pretty much like airfare. Price is the king and low cost companies are doing a lot of business. I'm not sure how this Uber/Lyft story will end but I'm pretty sure it's not going to end like Facebook or Google.
Unless one brings robot taxis. Lowest price and highest profits. Right now it's just an app for taxis. But robots totally flip the market on head.
I don't see how this will fly even with robot taxis. Not for too long at least. I think self driving cars will be commoditized easily. Any new player can simply leverage the technology. The economy of scale is simply not there in this business, compared to the leverage Google and Facebook have. There is hardly any network effect, and it is still highly capital intensive even with robot cars. So while they may succeed in being and maintaining their status as multi-billion dollar companies, I am not seeing how they can go much further in the long run.
Re: Lyft Files to Raise as Much as $1B
#33As an adult I don't want to get into a car with a huge pink mustache on it. Get over myself? Sure, but the brand is terrible.
They've backed away heavily from the mustache.
Re: Lyft Files to Raise as Much as $1B
#34>Amid reports of Lyft’s financial struggles in its recently leaked financials, it’s obvious why the company seeks to raise so much money — the on-demand transportation market is a tough place to operate, especially with competition like Uber. According to Bloomberg, the ridesharing startup took a net loss of $127 million in the first half of this year while bringing in less than $47 million in revenue. Does anybody k…
As both a Lyft and Uber user, it feels as though Lyft is spending a lot more money to "drive loyalty" than Uber via $50 free promos. But I feel their targeting is off because loyalty doesn't appear to increase with more rides for rider nor driver.
Re: Lyft Files to Raise as Much as $1B
#35Taxi fare is something everyone wants to save on. Once Uber and Lyft start making big margin on their service other low key and smaller companies can compete with them. Pretty much like airfare. Price is the king and low cost companies are doing a lot of business. I'm not sure how this Uber/Lyft story will end but I'm pretty sure it's not going to end like Facebook or Google.
Is it weird to say i'd almost start paying Taxi-level fares again if the drivers would stop sucking at driving so much? This is mainly aimed at Lyft; Uber drivers are much more professional.
Re: Lyft Files to Raise as Much as $1B
#36Earlier quoted context omitted.
I wish Apple would actually ban APNS spammers. Yelp does it too ("Yelp Weekly" or something).
Settings -> Notifications -> off?
No, that's not an acceptable solution. Spammers should be banned. But I actually wasn't strong enough:
https://developer.apple.com/app-store/review/guidelines/#pus...
By section 5.6, Lyft should be removed from the App Store. I wish they'd do it!
Re: Lyft Files to Raise as Much as $1B
#37Taxi fare is something everyone wants to save on. Once Uber and Lyft start making big margin on their service other low key and smaller companies can compete with them. Pretty much like airfare. Price is the king and low cost companies are doing a lot of business. I'm not sure how this Uber/Lyft story will end but I'm pretty sure it's not going to end like Facebook or Google.
Unless one brings robot taxis. Lowest price and highest profits. Right now it's just an app for taxis. But robots totally flip the market on head.
> But robots totally flip the market on head.
Yeah, as in people will be able to mod their existing cars to be self-driving and then rent them out AirBnB-style when they aren't using them. There's even a distributed storage system already built to handle that ... people's driveways and garages.
Re: Lyft Files to Raise as Much as $1B
#38Earlier quoted context omitted.
It probably is closer to destroy rather than transfer. Yes there will be a shift of capital from investors pockets (pension funds ultimately) to drivers and consumers, but a lot of this capital will be squandered on drivers driving at less than full capacity and consumers not paying the true economic price. Neither of these is a very productive use of capital - there is of course the environmental cost of half-empty…
I see consumers not paying the true economic price as a form of stimulus. They're receiving more value than they are paying for, and so they presumably are living better lives and will be able to spend that saved money elsewhere (movies, food, etc). Similarly, if drivers are at less than full capacity that means there are more drivers than there would be without the funding, and thus more drivers getting paid. No arg…
This sort of stimulus is like paying people to dig holes and fill them back up again. Given the money being spent is mostly workers pensions I am not too sure that this is the best use of their future retirement income.
Re: Lyft Files to Raise as Much as $1B
#39Earlier quoted context omitted.
I see consumers not paying the true economic price as a form of stimulus. They're receiving more value than they are paying for, and so they presumably are living better lives and will be able to spend that saved money elsewhere (movies, food, etc). Similarly, if drivers are at less than full capacity that means there are more drivers than there would be without the funding, and thus more drivers getting paid. No arg…
This sort of stimulus is like paying people to dig holes and fill them back up again. Given the money being spent is mostly workers pensions I am not too sure that this is the best use of their future retirement income.
No it's more like providing very cheap transit fares, or free maid service. It's a useful transient service to most people who's value doesn't show a specific investment benefit like free daycare would. Digging ditches and filling them again provides no economic side value.