News for hackers. Stuff that matters.

A comment on Alphabet considers Lyft investment of about $1B. Parent comment

Re:Alphabet considers Lyft investment of about $1B by dx034 on Friday September 15, 2017 @06:11AM (#15255914)
How can that be profitable for uber? Never heard of that pass before but sounds like an awful idea for them (and a great idea for commuters with a 15-20 mile commute). Having a private driver and no costs for a car for ~$160 per month is cheaper than just the car when you drive yourself.

Would love them to introduce that in London, the price would be the same as for a tube season ticket.

[ Parent | on HN ]
Re:Alphabet considers Lyft investment of about $1B by brianwawok on Friday September 15, 2017 @07:58AM (#15256346)
I suspect to build a steady base of pool rides. Once the market stabilizes they can dump the promo and keep the pool drivers busy.
[ Parent | on HN ]