I have an idea I’ve been thinking out but I need to know a few things. If you know driver data, you effectively know Lyft and Uber’s earnings report. This should also apply to Postmates and DoorDash. How accurate is this statement? Uber is a bit more diversified but Lyft isn’t. -How much do Lyft and Uber rely on US drivers financially? How much of Lyft’s finances is attributable to drivers? If you ignore commission from rides, can Lyft still exist or would they bleed out financially speaking? -How many active drivers do they have? I believe Lyft’s S-1 said 1.9M but idk how many are active vs legacy signups.
So basically you’re looking for insider information and an SEC investigation?
Driver data is public information on an individual level
If it’s public information then it’s factored in to the price
Postmates will behave like Blue Apron. It’s the worst among delivery companies. But all short-able because their unit economy sucks. Basically the more rides/deliveries you do, the more money you lose.
Have you traded a single stock before? This is the stupidest idea.
Don’t you get it? I would be selling the data to hedge funds
If you can do it, they can do it better buddy
Lol
Oh I get it. You pay Uber drivers/other gig economy workers to track their activity and collect their data, then sell that data to financial speculators at a profit. Workable, but suffers the chicken and egg scaling problem. There's a long history of companies building a business of solving information asymmetry in markets. JD Power, Gartner, and Forrester have similar models, but sell to a different kind of client. Look into those imo for ideas
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I am assuming that you must already be a millionaire having shorted UPS when it went public.