Re:Lyft losing as much as $50M a month, president confirms
by femto on Wednesday July 13, 2016 @02:35AM
(#12084275)
Or they are looking forward to the introduction of self-driving cars? Rather than waiting for self-driving cars to actually arrive, by which time the horse will have bolted, they are trying to lock the customer base in now at a high cost, banking on the money lasting until self-driving cars arrive. Once self-driving cars arrive, costs fall, competitors are locked out, and they make a big profit.
[ Parent
| on HN ]
Re:Lyft losing as much as $50M a month, president confirms
by stormbrew on Wednesday July 13, 2016 @02:39AM
(#12084288)
I just don't think that'll come soon enough for the amount of money and resources they're pumping into it. But obviously this is part of the long play, at least and especially for Uber.