Hey Lyft employees, I have an interview opportunity @ Lyft. Would appreciate some insights from you about the future of the company. The stock has taken a nosedive. Uber has its own problems, but it is bigger, more international, has diversification in other areas like Eats, freight, etc. Waymo is going to start self driving taxis soon. Alphabet has a massive war chest. What unique advantages does Lyft have that will make it sustain the ensuing price war? As a customer, I want Lyft to survive, but don't see a bright future to be honest. Any insights?
Waymo will be partnering with Lyft, using GM fleet... that's how Lyft would survive, in the meantime Uber will be bleeding money on all bets due to their di-worsification
What value would Lyft provide in that scenario? Like waymo can’t build the app? Please
It has the platform for transactions and match making between riders and drivers plus GM has a decent stake in the company. Waymo's core capabilities are on self driving which won't be a easy task so I believe they'll just focus on perfecting that rather than building ancillary business
If I know, I will be richhhhhhh
So, people at Lyft in general aren't aware of long term success chances?
Most of us believe in the long term even mid term success. The thing is our fate is in investors hand. The stock price right now shut a lot of people off. People came from Google Facebook to join us and lost tons of money because of the stock drop so some of them lost faith. We are very confused and scared although I am still cautiously optimistic about the company.
Only hear tons of complaints about Airbnb and Lyft from friends that work at both. Looking at LinkedIn insights both have an insanely high attrition rate. Would stay away from both no matter how much cash they try and throw.
Thanks. Is it worth getting LinkedIn insights subscription? What are some features that you find most valuable?
Probably not long term, but for job hunting it’s interesting to see what companies are bleeding talent and where they are going, while also seeing where companies are hiring from. Last I checked Airbnb attrition was 22% and Lyft was high teens (huge red flag for me). I advise jumping on a rising ship not a sinking one, or at best stagnant one. Companies in growth stage and doing well often see low single digit attrition because their employees are excited to be there and the work is fulfilling.
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No
There are really people who still consider Uber or Lyft? #RiskBigLiveBig#
I believe in the ride share industry. As a customer, I find it immensely useful. Just trying to see how they will survive
Lyft share price coming to $30 soon.
The strength of Lyft is that it has partnered with many big companies for business travel. The product and marketing team at Lyft seems to be doing a solid job. Engineers are dumb leetcoders everywhere as usual, can't expect much from them.
Not very uplyfting
Building partnerships is good, but not a strategy that can be defended. Uber and Waymo can quite easily do that too
Former Lyft employee, hell no it won’t survive. Most dysfunctional place ever worked. By far
Thanks. What are some of the dysfunctional things? Reviews from engineers on Glassdoor seem alright. Granted some may be fake ones from HR. But there might be some genuine ones as well
Run don’t walk