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Showing posts with the label travel

Lyft makes no money

The tepid reaction to both Lyft and Ubers IPOs show they likely need people to take more rideshares, and at higher prices if they have the hope of becoming profitable. Ride-sharing services are designed to undercut traditional taxi cabs by allowing passengers to share a ride for a cheaper price. Ideally, this mkaes in higher revenue for the driver, but only if they manage to pick up other customers en route. If one person takes a ride-share and the driver finds no other passengers, the Uber or Lyft driver may end up losing money. ,oney their respective IPOs, both companies will be under increased pressure from investors to turn mohey profit. Ride-sharing is arguably the next transportation revolution. At the moment, both companies are losing money. Your rides are effectively being underwritten by venture capitalists who have financed the companies. Both Lyft and Uber luft have an uphill road ahead to profitability. We expect our operating lyft makes no money to increase significantly i...