Lyft regretted for not doing food delivery?

Google
3Wjza

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3Wjza
Dec 12, 2020 95 Comments

See doordash. Lyft could have been 2X of today s doordash marketcap had it invested in food delivery.

Is it because Lyft dumped it money to self driving ? Are you Lyft folks still behind that decision?

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TOP 95 Comments
  • Google
    Commie4nia

    Go to company page Google

    Commie4nia
    Lyft was banking on Uber haters to keep lifting the business. They got cocky and did not diversify. And even managed to screw up the bike rentals business by raising fees 30X, losing that goodwill. I lost any empathy for them when my $15/mo unlimited ebikes in SF overnight were priced at 15 cents/minute! RIP lyft as you lose talent and become redundant
    Dec 12, 2020 20
  • eBay
    huk

    Go to company page eBay

    huk
    All these delivery bullshit will be worth close to nothing once pandemic is over. I think Lyft stayed focus and it will payoff in the long run.
    Dec 12, 2020 33
  • New
    groogle

    New

    groogle
    They screwed up big time. They are fighting to be a distant number 2. And it’s too late to even be a distant #4 in food now behind DD, Uber, and GH.
    Dec 12, 2020 5
  • Google
    3Wjza

    Go to company page Google

    3Wjza
    OP
    Any Lyft employees want to chime in? Think about the 3X you are losing.
    Dec 12, 2020 7
  • Lyft
    LGaB31

    Go to company page Lyft

    LGaB31
    Lyft for sure is doomed. We have no self-driving tech and are becoming a bike rental app. Lyft has quietly had 4-6 different rounds of layoffs in the last year alone. The game plan is to become an 'all in one transport app'. But with covid happening why would anyone want to hop in an awkward car ride with other plebs. Car ownership has rocketed in the last year.
    Dec 12, 2020 5
    • Google
      3Wjza

      Go to company page Google

      3Wjza
      OP
      LGaB31 that is not a valid point as Uber sells self driving and recoups $. I believe Lyft should sell it and find other products such as food delivery. My only worry is lyft self driving might worth only a few billions.
      Dec 13, 2020
    • Amazon
      WWWUm75

      Go to company page Amazon

      WWWUm75
      LYFT stock doubled! How could it be?
      Mar 26, 2021