There’s a conversation across Blind and the internet about the Lyft IPO and whether it’s worthwhile to invest in their stock. The obvious risk is that this is a company that is losing a ton of money, is not the category leader and may never be in profitable. It is not inherently clear that Lyft’s business will survive a recession NOR some key legislation circulating in the US and abroad. Why bother? Here’s my perspective: an investment in Lyft is buying into the future of mobility. Lyft has grown steadily and intelligently- going deep instead of wide in its expertise. Making a bet on Lyft is betting on its founders, leadership team, brand and potential to continue to dominate the category, and innovate strategically in new markets and categories to eventual profitability. As for the Lyft vs Uber debate... I think this same bet makes sense in the Uber IPO, and I’m particularly interested in Uber’s investment in food, freight and flights. I see Uber’s business as much more sprawling and diversified and its mere scale and determination to expand as riskier to its survivability and possibility of profiting in the next decade. But the brand and reach are also massive strengths. I’m not going to put a lot into either company but I’m excited to make the bet. I’m eager to see how mobility is transformed as a result of the money both companies will receive from their public offering. Why are you going to invest? (I’ve heard plenty of the reasons against it)
Health & Wellness
7h
726
How can I find success dating in NYC
Tech Industry
Yesterday
2289
I paid 250 for a Google Referral and got Scammed
Tech Industry
Yesterday
908
Best LCOL or MCOL city?
Tech Industry
Yesterday
1194
Do you really think Amazon is that bad
India
Yesterday
1820
Slavery has REVERSED! the US is the slave!!! Check out this dude who pays a personal trainer in India
I will tell you why Lyft is not going to beat Uber. Uber pricing is always cheaper than Lyft in NYC, despite the price hike since the stupid new law has passed. And don’t get me wrong - they both enjoy the price hike.
It’s cheaper in the Bay Area too. I used to always use Lyft until I realized that.
Do you think Lyft needs to beat Uber to do well in the business?? Taxi/transportation is a big industry, multiple companies can survive together.
I see Lyft as one of the pure autonomous bets out there...you can't just buy waymo stock, you have to buy the entirety of Alphabet, the good and the bad; uber is close, but they are also diversified across freight and food delivery. I see autonomous as what does it take to get drivers out of the loop...get people to use more bikes and scooters and build safe cars or vans that'll drive themselves. What is a purer bet than Lyft? They have a fleet of cars, bikes, scooters and have their L5 moonshot.
the argument against Lyft because of Uber is stupid, Pepsi is still doing well with Coca.
THANK YOU. I always use McDonalds/Burger King when having this discussion but Pepsi/Coke works too. People act like only one business with the same product can be successful in the long run.
You can't compare food with taxi. Toyota camry picking you up is a Toyota Camry picking you up. The label on the front doesn't change or do anything other than price. Coke vs Pepsi is subjective taste debate and that's why it's it never ending
You seem to care a lot that others know you don't care.
Try again.
Has anyone really been far even as decided to use even go want to do look more like?
I see lyft drivers more refined than uber.
I would definitely agree with this even though a lot of drivers in the Bay drive for both. I don’t know if it’s a training thing or what but the driver always seems nicer and more professional when I’m in a Lyft.
I don’t know. This used to be true but don’t feel it is anymore - since just about every driver seems to drive for both. Also, when I’ve had to resolve issues in the past Uber has been a lot easier to deal with.
Today creating a clone of Lyft or Uber App is not hard. Without autonomous they are simply “operational” heavy companies. Pretty much the hierarchy looks like City GM > regionale > state > country Margins are razor thin. If Lyft and Uber spends 1$ on a user or on new tech, the value of 1$ is much higher for Uber bcoz, they try to attract same user to eats, bikes, transit etc. tech $ can be used outside of US and CA.
You've got to be kidding me. You work at Uber and think this business can easily be copied? This isn't fucking Twitter and 140 characters. Forget the scale, even the core business has a lot of intricate and moving pieces. Even Tesla will struggle at first. Go home, man. You have no fucking clue. Can't believe you have Uber next to your name.
Yes it can. Alto, Careem, Fasten, Juno, dozens of taxi apps etc. It's actually relatively easy to copy.
It’s a terrible investment but obviously the bubble can get bigger. A couple yrs ago the consensus was that they needed to be acquired or go bankrupt, now they’re valued at $27 billion. They don’t make money, period
Do not buy. Do not pass go. Do not collect 200
Pump nd dump
Pump and dump.
classic.
Is that an innuendo?