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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

#41

Post by tootie »

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.

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

#42

Post by neom »

My gut says Juno is dark horsing and about to make a splash. I have no proof for this outside of my gut, but the way they are laying up reminds me of early day uber. My main point of reference for this feeling is the drivers, if I get a lyft driver with 4.9 or 5.0 rating, they inevitably try to push Juno during the ride, however the value prop to the rider is somewhat compelling: the drivers are compensated to a higher degree (lower fee) however, the must maintain a 4.9 on other apps, and an equivalent on their app, consequently, the caliber of chauffeur on Juno is quite high.

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

#43

Post by neom »

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.

I live in NYC, however I'm from Toronto and spent a couple of weeks there last month. I don't use Uber, don't have it on my phone and I was surprised to learn how new lyft is to Canada. The lyft drivers I experienced seemed really good, however, when I asked them about why they downloaded lyft, they consistently said it was because of the 30 day no commission take from lyft, but they had no loyalty to the company. One guy even said he plans to delete it and move back to Uber once the entry offer is expired.

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

#44

Post by vit05 »

UBER has already cemented a path around the world. He is facing legal battles in an attempt to demonstrate that his business is legitimate and beneficial to society. All others will have the facilities to travel in this vacuum.

But it will reach a point where the dispute will not be with the old business models related to mobility. And at this point, it will make sense to compare these companies. But at the moment it makes no sense to compare revenue.

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

#45

Post by OiNG »

neom wrote: post #42

My gut says Juno is dark horsing and about to make a splash. I have no proof for this outside of my gut, but the way they are laying up reminds me of early day uber. My main point of reference for this feeling is the drivers, if I get a lyft driver with 4.9 or 5.0 rating, they inevitably try to push Juno during the ride, however the value prop to the rider is somewhat compelling: the drivers are compensated to a high…

the last i heard of juno, they were acquired and drivers were upset about being screwed over in the deal (their RSUs were almost worthless). Just googled around and couldn't find any updates, do you know what happened? Are they seen as driver friendly again?

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

#46

Post by rtpg »

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).

Why do you think HN hates companies that are doing well for themselves?

Doing this is way more exhausting than cheering them on (see SpaceX, people have fun in those posts). "Oh this company is doing well and I'm jealous"? Seriously don't know how that's enough.

There's a slightly less nefarious interpretation which is that people have different values, and disagreement happens.

So many people are extremely happy to see other people's success here, for example Lyft here. But what you might think is unimportant virtue signalling is something other people actually care about, sometimes deeply

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

#47

Post by neom »

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?

That's totally true, sad you're being down-voted. Second market mover advantage is equally as strong as market makers. As a second market mover, you just better be prepared to wake build.

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

#48

Post by neom »

OiNG wrote: post #45
neom wrote: post #42

My gut says Juno is dark horsing and about to make a splash. I have no proof for this outside of my gut, but the way they are laying up reminds me of early day uber. My main point of reference for this feeling is the drivers, if I get a lyft driver with 4.9 or 5.0 rating, they inevitably try to push Juno during the ride, however the value prop to the rider is somewhat compelling: the drivers are compensated to a high…

the last i heard of juno, they were acquired and drivers were upset about being screwed over in the deal (their RSUs were almost worthless). Just googled around and couldn't find any updates, do you know what happened? Are they seen as driver friendly again?

I mean I'm seriously not shitting you when I say every single rider I've gotten on lyft in the last few months who have a 4.9 or above and genuinely provided great service (one dude still had candy/water!) has pushed Juno on me. I asked the lady I had yesterday why she isn't using Juno and she said she wants to, they treat the drivers well, she just can't get an interview to be accepted as a driver till.. uh... April?! I was pretty surprised.

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

#49

Post by rainbowmverse »

neom wrote: post #42

My gut says Juno is dark horsing and about to make a splash. I have no proof for this outside of my gut, but the way they are laying up reminds me of early day uber. My main point of reference for this feeling is the drivers, if I get a lyft driver with 4.9 or 5.0 rating, they inevitably try to push Juno during the ride, however the value prop to the rider is somewhat compelling: the drivers are compensated to a high…

This is the first I've heard of Juno as something other than a dial-up ISP.

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

#50

Post by Certhas »

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).

You can speak for Europe in general?

In my European bubble people are generally aware that Uber is a morally questionable company (without necessary knowing about the details, just a reputation) and some have heard of Lyft, even though it's not available.

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