News for hackers. Stuff that matters.

A comment on Lyft Files S-1. Parent comment

Re:Lyft Files S-1 by piker on Friday March 01, 2019 @12:29PM (#19283121)
This analogy somewhat fails given that buildings and equipment are a generally fixed cost/asset, whereas compute power, storeage, etc. are probably more of marginal costs for a technology company such as Lyft. It would suggest they also contract out most of their technology development as well.
[ Parent | on HN ]
Re:Lyft Files S-1 by buboard on Friday March 01, 2019 @03:20PM (#19284876)
It doesn't own cars, doesnt employ drivers, doesnt own hardware, doesn't own compute or storage , doesnt develop software. What is lyft after all?
[ Parent | on HN ]
Re:Lyft Files S-1 by throwawaymath on Friday March 01, 2019 @03:31PM (#19284969)
It's just an idea.

This is a little tongue in cheek, but: Lyft is an abstraction. It doesn't own anything or have any customers because it's a market maker.

Lyft is an efficiency mechanism for maximizing liquidity and minimizing bid-ask spreads in hyperlocal ride trading :)

[ Parent | on HN ]
Re:Lyft Files S-1 by buboard on Friday March 01, 2019 @03:49PM (#19285120)
making the world a better place, one contractor at a time
[ Parent | on HN ]
Re:Lyft Files S-1 by kerng on Saturday March 02, 2019 @03:41AM (#19288307)
A copy of Uber? They let Uber do all the dirt work and try to stay in the shadows.
[ Parent | on HN ]