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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

#31

Post by moreira »

unethical_ban wrote: post #16
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…

If ride availability has anything to say about it, there are plenty of Lyft drivers in San Antonio. I say "take a Lyft" or "Lyft there" when I talk rideshare. I don't preach it or say "Uber sucks" but when I am asked, I mention that Uber had a crummy internal HR program, has committed multiple shady business practices, none of which I can remember, but I can remember disliking.

‘People will forget what you said, people will forget what you did, but people will never forget how you made them feel.’ - Maya Angelou

Your last sentence reminded me of that.

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

#32

Post by zukzuk »

juicy-fruit wrote: post #7
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.

I agree. They just recently entered Canada (and it seems only one province), so of course they are going to have bigger revenue growth than Uber as they enter new markets. A stretch: is Lyft going to use these metrics to go public before Uber to hype itself up?

Incidentally, my experience with Lyft here in Canada has been pretty dismal. On average pretty terrible drivers. I have a feeling Lyft is getting all the Uber rejects. If that's the case, this is going to derail Lyft's Canadian debut pretty badly. I wonder if this is a common problem when they come into an Uber-dominated market.

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

#33

Post by forapurpose »

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).

> seems to hate companies that are doing well for themselves

Wow. Can you back that up?

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

#36

Post by zukzuk »

kayoone wrote: post #28
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.

... and ex-Uber drivers — meaning drivers who were kicked off Uber due to poor user ratings. This would explain what's going on with Lyft's intro to Canada right now. Awful customer service every time I've used Lyft.

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

#37

Post by [deleted] »

zukzuk wrote: post #32
juicy-fruit wrote: post #7

Earlier quoted context omitted.

I agree. They just recently entered Canada (and it seems only one province), so of course they are going to have bigger revenue growth than Uber as they enter new markets. A stretch: is Lyft going to use these metrics to go public before Uber to hype itself up?

Incidentally, my experience with Lyft here in Canada has been pretty dismal. On average pretty terrible drivers. I have a feeling Lyft is getting all the Uber rejects. If that's the case, this is going to derail Lyft's Canadian debut pretty badly. I wonder if this is a common problem when they come into an Uber-dominated market.

[deleted]

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

#38

Post by hcnews »

nothrabannosir wrote: post #29
ferongr wrote: post #19

Earlier quoted context omitted.

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.

> Well, that—and, maybe, a pinch of Company-wide culture of sexual harassment.

Source required (specifically about company-wide culture, x != entire company fwiw where x is the number you are claiming).

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

#39

Post by hcnews »

ipsum2 wrote: post #2

> Lyft provided this stat shot, which also includes some highlight numbers on its performance thus far in 2018. Where's the data for this? > with a particularly strong Q4 during which its revenue outpaced Uber’s by 2.75x How much revenue did Lyft pull in? Or Uber? This article isn't very good.

+1, was looking for these comparisons. Very vague article.

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

#40

Post by Moncefmd »

zukzuk wrote: post #32
juicy-fruit wrote: post #7

Earlier quoted context omitted.

I agree. They just recently entered Canada (and it seems only one province), so of course they are going to have bigger revenue growth than Uber as they enter new markets. A stretch: is Lyft going to use these metrics to go public before Uber to hype itself up?

Incidentally, my experience with Lyft here in Canada has been pretty dismal. On average pretty terrible drivers. I have a feeling Lyft is getting all the Uber rejects. If that's the case, this is going to derail Lyft's Canadian debut pretty badly. I wonder if this is a common problem when they come into an Uber-dominated market.

My experience is with the other end, I have been querying Uber drivers about their feelings about a possible upcoming entry of Lyft in my province's market. So far, on my small sample 10<n<15, it has been unanimous that they would adopt Lyft since they have a reputation among drivers of taking a smaller margin. Some of the drivers also told me that they plan to serve as drivers for both at the same time.
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