Uber Posts $708M Loss as Finance Head Leaves

Re:Uber Posts $708M Loss as Finance Head Leaves by rtpg on Thursday June 01, 2017 @08:50AM (#14459783)

In a world where Lyft wins the US market, they then have a battle chest for future expansion.

Apparently Uber is already profitable in the US and thus can use that to finance further growth, but nothing is stopping Lyft from going back in that game at a later date. If anything Uber's best strat would probably be to refocus on the US and crush Lyft everywhere, rather than give it the room to breath it needs.

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Re:Uber Posts $708M Loss as Finance Head Leaves by resf on Thursday June 01, 2017 @11:47AM (#14461288)

Lyft can't expand outside the US because there are already local competitors. If I'm happy using Grab, why would I bother installing Lyft?

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Re:Uber Posts $708M Loss as Finance Head Leaves by throwaway434232 on Thursday June 01, 2017 @02:31PM (#14463054)

Uber is apparently already profitable in the US. Does anyone know if Lyft is? If it is not, then that would suggest that Lyft is more guilty than Uber of subsidizing rides in order to win market share.

    2016 numbers:

    Lyft Revenue: $700 million
    Lyft Losses: $600 million
    Uber Revenue: $6 billion
    Uber Losses: $2.8 billion

The ratio of revenue to losses suggest that Uber is almost twice as efficient as Lyft, and Uber's losses are probably further compounded as it includes many more future investments such as international markets that aren't yet as mature as the US market, and products/services that for which Lyft has no comparable offering like UberRush and UberEats. Lyft also doesn't have any investment in self-driving cars that I'm aware of.

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