Been a bag holder on $Lyft for a while and I’ve obviously gotten screwed. Really curious to understand where everyone thinks these companies will be in the future. I understand Uber is significantly better performing as they have a larger user base and more complete services but how do we think ride hailing businesses will do in the future. Are we bearish on car ownership as whole? AV timeline? I don’t wanna hear people comment “dying business” with no justification. @uber @lyft #uber #lyft
Robo taxis will be interesting in the future, and I think Uber will be the one to lead that generation
Uber and Lyft are entirely different. Uber also has their food and other deliveries business. Lyft is currently only surviving because of they died Uber will be a monopoly and will get regulated to hell.
I think businesses like uber will truly thrive when autonomous driving becomes widely available. It will drive down cost of operations. However, I think there will not be a day people do not need personal cars and fully rely on autonomous vehicles. It’s just against human nature. People need their own home no matter how many countries and how long they travel a year, you want a home waiting for you, and you need your own personal vehicle too to feel the freedom and safety.
Ride-sharing is here to stay. The trick to a sustainable ride-sharing business - as demonstrated by Uber - is to have diversified types of ride-sharing such as picking up people, multiple tiers, restaurant deliveries, grocery deliveries, freight deliveries, various geographies etc. This way, if one unit has a downturn, that doesn't take down the entire company. The division can be kept alive for better times. Lyft missed out on all this diversification - and thus is far behind. As for the longevity of conventional ride-sharing, it was more about habit formation. A decade of ubering/lyfting has destroyed taxi companies and stunted car purchases. The only way this ever reverses back is if Uber fucks up very badly (regulatory or increases prices too much or loses drivers all of a sudden). But all these are unlikely to happen given the amount of diversification Uber has.
Dying business
In the same boat but have been making passive income by selling calls. You can easily make 1K per month by selling calls if your bag of shit is large enough. Overall my loss is less than 50 percent. Sold all at $60, made a huge mistake to buy some at $40 thinking it was a dip. Have been selling calls since. Assuming stock price of current 20 that’s 50 percent loss but profit from sell calls make overall loss less than that by a few thousand may be 10. Pick a price target and sell all at that and forget about it. Tired of waking up and checking Lyft stock and getting disappointed. Mine is 22. There are ways to feel good about yourself. E.g. think of it as a gamble. You were never going to not gamble. Just call it gambling loss and move on. Gamble more, this time with maybe META. Go big or go home. I think Lyft will survive for foreseeable future but margins will be too fucked up to be greatly profitable hence affecting PE ratio and hence market cap and stock price. The dilution will be there but less bad than what beta males Jogan caused. There is a great possibility that it will get acquired for a premium by a player who has cash to go against Uber. If that happens soon then price target of $40 is not insane. If that does not happen then price target of $20 makes most sense.
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Bit late to be asking these questions. Try a google search
Don’t be ridiculous, there is a lot of mixed sentiment online and a lot of FUD spreading about the threat of AVs. The point of this thread is to get an inside look from people that work in the industry and share opinions, eat 💩