Lyft's first expansion outside the USA in Toronto next month • Hacker News Board

Re: Lyft's first expansion outside the USA in Toronto next month

#51

Post by adjkant » Mon, Nov 13, 2017, 9:58 PM UTC

njj023 wrote: post #33

adjkant wrote: post #18

Earlier quoted context omitted.

Lyft tends to pay better than Uber. Have asked drivers who drive for both in about 5-6 cities, all same answer. Lyft is the one you want to drive for.

You are completely misinformed. Most drivers do both. Get on reddit.com/r/lyft or reddit.com/r/uberdrivers and you will get a sense that post tipping + changes Uber has made, the scale has entirely tipped. Lyft has certainly done an excellent job building up the perception that they are better for drivers and convincing consumers of the same. In fact, this is on the front page of r/lyft today - https://www.reddit.com…

I'm just reporting anecdotal evidence from drivers. The drivers I asked had signage for both on their cars, I did not deny that most drive for both.

Said survey was before Uber introduced tipping.

Re: Lyft's first expansion outside the USA in Toronto next month

#52

Post by dflock » Mon, Nov 13, 2017, 10:20 PM UTC

t1o5 wrote: post #14

mabbo wrote: post #10

Can't wait. I've used Uber frequently for a long time, but every other story in the news about them is that their leadership are just terrible human beings. I don't want to deal with them as a company. Much like the drivers, I simply want what Uber is offering and have no loyalty to the company itself. If Lyft wants to come to Toronto and offer the same thing without being Uber, I'll gladly switch.

I would use Lyft or Uber in Toronto, whichever is convenient at that point of time. If you start to boycott companies which are not ethical in doing their business, well almost all companies are. Lets start with Amazon with their sweat shop warehouses, Garment manufacturing outsourced to workers in Bangladesh working in deadly conditions. No corporations are saints.

It's a huge mistake to do nothing because you can't do everything.

Re: Lyft's first expansion outside the USA in Toronto next month

#53

Post by malandrew » Mon, Nov 13, 2017, 10:34 PM UTC

zwily wrote: post #26

malandrew wrote: post #23

Earlier quoted context omitted.

> selling at a loss in those markets to try to drive Lyft out of business. Leaked financials show that Lyft is selling at a far greater loss than Uber. Based on Q2 leaked figures, Uber's losses relative to gross bookings was -8% and Lyft's was 13.5%.

In aggregate yes, but it would be interesting to know what Uber’s numbers are for just the markets where they compete with Lyft.

Other than the leaked financials, I haven't seen any leaked or public information specific to the US alone that suggests that one is subsidizing more than the other. They could be subsidizing equally. Or Uber could be subsidizing more. Or Lyft could be subsidizing more.

Do you have any evidence to demonstrate that only in the US Uber is subsidizing more? If so, please share. I haven't yet heard a single convincing argument supporting this popularly held belief that Uber is subsidizing more.

All I know is that all of Uber's business is more efficient than Lyft. Plus, this is after taking into account that Uber shoulders most of the market's losses when it comes to penetrating a new market and getting laws changed to allow TNCs. Once TNCs are an established business in most markets, the legal costs should drop, shrinking G&A, thus leaving it even more capital efficient.