top | item 19400366

(no title)

quantumhobbit | 7 years ago

14 cents per ride is nothing! Maybe 1% of the cost of a ride.

Maybe they could save a bunch by colo or something else. But would 14 cents per ride really matter at all for their competitiveness. I’m not going to notice a 14 cent difference even if I do bother to price compare Uber with Lyft.

This is a VC fueled market. It isn’t really about small margins of this size.

discuss

order

ceejayoz|7 years ago

It may be 1% of the cost of the ride, but it's likely a substantially larger part of the profits of the ride.

Lyft lost a billion dollars on $2B of revenue in 2018.

isostatic|7 years ago

So saving $8m a month, or $100m a year, isn't going to turn that round.