Lyft Files S-1 - Hackdot

Re:Lyft Files S-1 by windyaskew on Friday March 01, 2019 @02:12PM (#19284261)

From this article [1] posted a few days ago, TC says 34% (Uber is at 66%) and that's due to running at a larger loss by offering discounts to riders. Gaining 4% market share is no small feat but doing it by giving discounts isn't exactly a long-term vision.

[1]: https://techcrunch.com/2019/02/26/heres-why-youre-getting-al...

[ Parent | on HN ]

Re:Lyft Files S-1 by panarky on Friday March 01, 2019 @06:54PM (#19286457)

This is a network game, so market share is everything.

Market share means drivers stay busy and make money. Market share means riders don't have to wait a long time.

Uber gave massive discounts for a long time to establish their market share, and it suited their long-term vision just fine.

Same strategy seems to be working well for Lyft, too.

[ Parent | on HN ]