Lyft losing as much as $50M a month, president confirms

Re:Lyft losing as much as $50M a month, president confirms by sfifs on Wednesday July 13, 2016 @08:34AM (#12085625)

In most economies, it's only the top 5-10% that really can afford to value time over cash. The rest are happy to trade off their time and effort to conserve cash.

That's a market for sure - but really not such a big market.

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Re:Lyft losing as much as $50M a month, president confirms by jamesroseman on Wednesday July 13, 2016 @09:39AM (#12086018)

I think you might be underestimating the size of the "on-demand industry"[1]. I'm hardly in the top 5-10% and I tried out Drizly in place of my beer run on Friday night and paid a $5 premium for my 6 pack to be delivered. I valued my time in the moment more than $5 and told myself it was a once in a while thing. I'm sure on-demand groceries, dry cleaning, etc all just hope for that market of people who tell themselves they don't use these services too frequently.

[1] http://www.businessinsider.com/the-on-demand-economy-2014-7

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Re:Lyft losing as much as $50M a month, president confirms by salemh on Wednesday July 13, 2016 @12:35PM (#12087524)

That entire article only speaks to investment of the on-demand industry, and its "potential". Citing "uberfication" of services and a "rise of 1099 contractors" means nothing for who will actually pay for the services.

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