Re:Lyft vs. Uber: A Tale of Two S-1’s
by nabla9 on Sunday April 14, 2019 @04:18PM
(#19661454)
When the business matures, the margins in the TNC business will be razor thin.
There will be local competitors in every city. There will be pure software companies that build TNC apps and sell operating services. Maybe Vuitton, Apple, Waymo, Herz, Hilton, Star Alliance, Oneworld etc. also have their own mobility service provider networks.
Say 4 billion people, 1% of them do ride-hailing of some kind, every one of them has five ride sharing apps and they pay $0.20 per day for each. That's $15B in revenue total for all those involved.
There will be local competitors in every city. There will be pure software companies that build TNC apps and sell operating services. Maybe Vuitton, Apple, Waymo, Herz, Hilton, Star Alliance, Oneworld etc. also have their own mobility service provider networks.
Say 4 billion people, 1% of them do ride-hailing of some kind, every one of them has five ride sharing apps and they pay $0.20 per day for each. That's $15B in revenue total for all those involved.