Almost everyone on blind thinks lyft is dead. Thanks to cnbc who are heavily invested in Uber. How much do you think Lyft’s market share is? Also add your comments on what do you think the diff in Lyft market share is in last one year.
It's been ages without getting a Lyft, but who tf cares. How's working there? How's the pay? Not posting TC is sus
The market doesnt seem to care about market share
Recent bad press about the woman who fled an unsafe driver killed it for me.
But Lyft stock fell before that. Hence the question from OP
The main problem is that lyft doesn't have any moat, it doesn't even have anything beside the basic ride hailing after so many years. Like wtf were all these people working on for the past 10++ years?
diversity, equity, inclusion. also analytics, metrics, observability, infra, data science, pink (lol), empire building, pet projects whose sole purpose is promos not anything useful, and politics
SecondMeasure is usually the standard for market share % tracking https://secondmeasure.com/datapoints/rideshare-industry-overview/
You literally just pasted the first link from Google 🤦🏽♂️
Op, how optimistic do you feel about Lyft?
tesla buys them for $8 / share in 2024 to launch robo taxi
I remember there were rumors of Apple, Google or GM Cruise snapping up Lyft.
i don’t want lyft to go out of business. I need it for when Uber is too expensive
Lyft’s market share was 40-45% pre-pandemic and is now ~25% in the US. If you consider the global market, I’m gonna guess Lyft has <5% and falling fast. Ride/bike share alone, Uber is ~8x revenue Lyft. When you throw in Eats/Delivery its more like 20-30x (and profitable). The valuation gap is justified. Lyft is consistently losing market share in the US. Stop trying to pump your F grade stock to people online. Edit: Uber rideshare revenue is closer to 15x Lyft, with delivery 30x, with freight 32x. Uber is GAAP profitable and Lyft is a decade away from seeing profit. Lyft won’t survive that long.
Lyft founders were insufferably smug around their IPO that Uber was spread too thin and Lyft was more focused so I’m not that upset they’re struggling
Now let’s compare Apple and Uber. Let’s compare spaceX and Amazon. Why would I care about Uber in markets we don’t operate? Also both your pre and post pandemic US numbers are wrong.
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I heard cash will run out within a year, and the company is open for being acquired. True or no?
Obviously we are close to Free cash flow positive for last 5 quarters and that means we are not using any of 1.8B cash that we have.
“Close” is a 20% miss? Total costs are $1.22 billion compared to revenue of $1.00 billion in Q1. Your net loss per share just went from ($0.57) to ($0.50). You are a decade away from taking any profits. You only have $510 million in cash, no where near $1.8b. Further, you have $4.1b in debt. You can only raise money by taking on debt or diluting stockholders again.