Re:Alphabet considers Lyft investment of about $1B
by malandrew on Friday September 15, 2017 @05:21PM
(#15260877)
Uber subsidizes less. Its losses as a percent of gross bookings is -8% while Lyft's is -13.5%. Uber is cheaper while subsidizing less because it's more efficient.
- Uber has more money on their hands and is massively subsidizing something that may not be sustainable long-term
- Uber may have more customers and can pool rides more efficiently and cost-effectively