Re:Lyft Files S-1
by randomacct3847 on Friday March 01, 2019 @12:06PM
(#19282781)
Idk. I’m very bearish on Lyft. It’s a pure bet on US ridesharing. They didn’t expand internationally (now those markets are saturated) and didn’t get into delivery (Uber Eats alone is worth 5-7b).
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Do you think ridesharing is just going to die as a product or do you think it will become easily commoditized and all margins will essentially disappear? I think it's going to be around for at least another 10-15 years, and considering how much money uber and lyft had to burn to get to where they are now, I feel like it will be quite hard for competitors to capture relevant amounts of market share in the US
Re:Lyft Files S-1
by randomacct3847 on Friday March 01, 2019 @02:54PM
(#19284640)
The business is clearly not sustainable..it’s not that there’s changes in demand but the company will literally run out of money in a very short amount of time unless something drastically changes with their business model