It should be clear to Lyft execs that ride sharing market won’t come back any time soon and Uber has proven that food delivery service like Uber Eats can make the company some money during pandemic time. However It looks like Lyft has no interest in diversifying it’s business. Why is it and what’s Lyft’s game plan for the next 6 month until vaccines are ready?
they tried, but it seems that it isn't easy to quickly scale their goods delivery business to most cities in the states. My question is why Lyft and Airbnb have such low rating on Blind company review? They are almost so bad as the banana company.
Lyft top management is.... Not good. Inexperienced would be a friendly way of putting it.
Moral goes down when a company is not doing well. Couple the layoffs with the declining stock price which makes up like half the comp of most people and you get some unhappy employees.
Amazon also tried and quit
It's not profitable, only way is unlimited softbank money like doordash
Beg to differ. We’re profitable https://www.theadvertiser.com/story/money/business/2020/08/06/louisiana-waitr-posts-10-7-million-profit-second-quarter/3308167001/
Only because you have the opportunity to stop marketing because of covid
Delusional. I left at the beginning of covid because leadership said "I personally have strong faith in science and we should have a vaccine by November" they thought it would blow over by now. It's funny how great engineers and scientists decision making is skewed when they are personally invested in something.
Uber is loosing even more money on UberEATS during the pandemic. Growing, yes. Just not growing profit.
Doordash should merge with lyft IMO
Doesn't make sense to pour in a lot of capital to a new business when youre not sure how long you'll need to sustain operating costs through the rideshare dip
It is called focus
Lol focus on what ? Last 6 months nobody is taking rides
We're focused on how less bad it will be when ride-sharing returns?