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A comment on If Lyft can't keep its drivers as contractors, it may never be profitable. Parent comment

Re:If Lyft can't keep its drivers as contractors, it may nev... by subroutine on Sunday March 10, 2019 @01:29AM (#19350691)
I took a look at some of Lyft's metrics [1,2,3], but would be interested in seeing a more nuanced breakdown of their expenditures. You mention driver signup bonuses are a major expense, and is "The only reason they aren't" profitable today. Is this a fact?

[1] https://craft.co/lyft/metrics

[2] https://dashboards.trefis.com/no-login-required/zrRBRShU

[3] https://www.forbes.com/sites/greatspeculations/2018/10/10/a-...

[ Parent | on HN ]
Re:If Lyft can't keep its drivers as contractors, it may nev... by Nasrudith on Sunday March 10, 2019 @07:00PM (#19355299)
Wouldn't it be far more sustainable to just boost base rate with the money instead to reduce churn? It sounds like a perverse incentive of metrics to reward new drivers instead of total ones.
[ Parent | on HN ]