Lyft Is Said to Seek New Funding as Its Rival Uber Stumbles

Re:Lyft Is Said to Seek New Funding as Its Rival Uber Stumbles by accountface on Thursday March 02, 2017 @11:47AM (#13775547)

Uber's pricing is definitely too low. I paid $3.75 for a 20 minute ride at one point and decided to stop using it entirely because that just seems like exploitation. I'm completely willing to pay more to give workers better wages. Lyft (and other competitors) not only charge more, but drivers keep more of it.

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Re:Lyft Is Said to Seek New Funding as Its Rival Uber Stumbles by dmalvarado on Thursday March 02, 2017 @12:25PM (#13776013)

Isn't Uber heavily subsidizing fares with capital funding? I thought that was part of their monopoly strategy.

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Re:Lyft Is Said to Seek New Funding as Its Rival Uber Stumbles by accountface on Thursday March 02, 2017 @01:41PM (#13776878)

Yeah they've slashed fares and a huge part of their losses are driver subsidies. It's all a farce.

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Re:Lyft Is Said to Seek New Funding as Its Rival Uber Stumbles by cmsj on Thursday March 02, 2017 @04:04PM (#13778200)

Yes, yes they are. You are only currently paying about 40% of what each ride actually costs, overall.

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Re:Lyft Is Said to Seek New Funding as Its Rival Uber Stumbles by jrjf940 on Saturday March 04, 2017 @08:34AM (#13790822)

yes it's too low but if it were higher pretty much no one would use it. that's why it's unsustainable.

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