I have used both Uber and Lyft in the last couple of years. I switch back and forth depending on price and ETA. I find that both services are suffice for my needs - pick me up, drop me off. I don't even remember which service I used afterwards. And prices are similar. (During surge time - Uber is usually more expensive)
How will they maintain market share and margins when there is no difference in service? It's like using Yellow Taxi vs Green Taxi. They can only compete on price if everything else is equal. This is a low margin business. Therefore, a race to the bottom.
Can anyone argue otherwise? They have pending IPOs, so would like to know why, for instance, Uber could have a 120B market cap.
#uber
#lyft
Want to see the real deal?
More inside scoop? View in App
More inside scoop? View in App
blind
SUPPORT
FOLLOW US
DOWNLOAD THE APP:
FOLLOWING
Industries
Job Groups
- Software Engineering
- Product Management
- Information Technology
- Data Science & Analytics
- Management Consulting
- Hardware Engineering
- Design
- Sales
- Security
- Investment Banking & Sell Side
- Marketing
- Private Equity & Buy Side
- Corporate Finance
- Supply Chain
- Business Development
- Human Resources
- Operations
- Legal
- Admin
- Customer Service
- Communications
Return to Office
Work From Home
COVID-19
Layoffs
Investments & Money
Work Visa
Housing
Referrals
Job Openings
Startups
Office Life
Mental Health
HR Issues
Blockchain & Crypto
Fitness & Nutrition
Travel
Health Care & Insurance
Tax
Hobbies & Entertainment
Working Parents
Food & Dining
IPO
Side Jobs
Show more
SUPPORT
FOLLOW US
DOWNLOAD THE APP:
comments
Also, Uber gets into transportation on a much deeper level. Like with Freight and food delivery—both of which are exceedingly complex. Uber gets more data and uses it more imaginatively.
But hey, Lyft talks about community and has politically-correct illustrations and is super good at appealing to markets that have already bought into them.
I’m sure Lyft has exceptional engineers, but their business and product strategy is laughable compared to Uber’s.
It's not like the game is over as soon as the first one goes into production.
Also there's plenty of customers for everyone.
Ridesharing isn’t a marketplace that requires any unique elements other than a baseline of service and competitive pricing. The total addressable market of point to point transportation is massive (billions of dollars) and both companies have barely touched the surface (micromobility, public transportation, etc)
Airlines are a complicated business of services. Lots of areas where you can differentiate your airline from others - frequency of routes, boarding process, flight service, airplanes, WiFi, etc. Ride-sharing is quick - get in, get out.
I think that ridesharing also has differentiation like type of vehicle, quality thresholds, etc. None of those matter tho
- t. Lazy people