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re: How long do both Uber and Lyft stay in existence doing the same thing?
Posted on 11/7/19 at 12:21 pm to usc6158
Posted on 11/7/19 at 12:21 pm to usc6158
quote:
The biggest threat is their own business models haven't been shown to be able to turn a profit
They wont be profitable until autonomous vehicles are everywhere.
They need to get rid of the drivers.
The question is which one can hang on until that time. Maybe both. Maybe neither.
0
Posted on 11/7/19 at 12:22 pm to Y.A. Tittle
At least Uber is in the digital freight trucking space now. It's hemorrhaging money but eventually it could be a money maker. #Diversification
Posted on 11/7/19 at 12:23 pm to Y.A. Tittle
quote:
Sure, you can always point to something tangibly different about each.
What’s tangibly different about Foot Locker, Champs, athlete’s foot?
Posted on 11/7/19 at 12:23 pm to Y.A. Tittle
quote:
Sure, you can always point to something tangibly different about each.
Uber and Lyft use different apps.
There, that's something different.
Posted on 11/7/19 at 12:27 pm to Mason Dixon Swine
quote:
At least Uber is in the digital freight trucking space now. It's hemorrhaging money but eventually it could be a money maker. #Diversification
I think it's a battle of attrition.
Nobody's provided a good reason both will (or should) continue to exist.
I don't think they both will.
The first one that turns a profit will, if I had to guess.
Posted on 11/7/19 at 12:34 pm to Mason Dixon Swine
quote:
It's hemorrhaging money
I will never understand how this is possible. I can see not pulling in a billion a year but to not be profitable just makes no sense with the amount of riders they have every day. Could someone break it down?
Posted on 11/7/19 at 12:42 pm to bigberg2000
You know that companies have to spend money to build out?
You aware that sprint was losing money as they built out there network.
And despite adding 1 million customers in a quarter in 11, they lost almost a half a billion.
You aware that sprint was losing money as they built out there network.
And despite adding 1 million customers in a quarter in 11, they lost almost a half a billion.
Posted on 11/7/19 at 12:44 pm to FightnBobLafollette
What are these companies "building out"?
Posted on 11/7/19 at 12:53 pm to Y.A. Tittle
I’m pretty sure there are many more payday loan companies out there in addition to these two.
Posted on 11/7/19 at 12:56 pm to Y.A. Tittle
quote:A better question is how to do either survive without drastically raising prices.
How long do both Uber and Lyft stay in existence doing the same thing?
Seems like one would eventually go by the wayside, since most drivers these days seem to be "working" for both.
Is there any logical reason for both to exist? Do they act as a sort of "check" on each other for pricing purposes?
If one bows out, which one survives?
Posted on 11/7/19 at 1:01 pm to bigberg2000
I'm talking about Uber Freight. I think Uber Rides is profitable, just not the other segments.
Posted on 11/7/19 at 1:03 pm to Y.A. Tittle
quote:
I think it's a battle of attrition.
Nobody's provided a good reason both will (or should) continue to exist.
I don't think they both will.
The first one that turns a profit will, if I had to guess.
They are both trying to last until driverless cars. Then basically be rental companies for driverless cars
Posted on 11/7/19 at 2:10 pm to Y.A. Tittle
quote:
Do they act as a sort of "check" on each other for pricing purposes?
The public benefits by this. Even a duoply servers as a check on each other's pricing and service levels.
Posted on 11/7/19 at 2:44 pm to Mason Dixon Swine
quote:
I think Uber Rides is profitable,
Ahh ok.
Posted on 11/7/19 at 2:50 pm to Y.A. Tittle
[quote]What are these companies "building out"?[/quote
Lyft spent almost 600 million in the last 2 quarters on R&D.
Lyft spent almost 600 million in the last 2 quarters on R&D.
Posted on 11/7/19 at 3:07 pm to FightnBobLafollette
quote:
How long do both Uber and Lyft stay in existence doing the same thing?
Lyft spent almost 600 million in the last 2 quarters on R&D.
Sounds like they must be looking to branch out into something a bit different, eh?
Posted on 11/7/19 at 3:28 pm to Y.A. Tittle
Bro have you ever heard of the Big 4
Posted on 11/7/19 at 3:32 pm to Y.A. Tittle
quote:
Seems like one would eventually go by the wayside, since most drivers these days seem to be "working" for both.
Yeah I mean why have multiple airlines?
Posted on 11/7/19 at 3:52 pm to FightnBobLafollette
quote:
delta, American, united, etc.
Differentiate themselves by customizing planes and offering exclusive flights as well as sky clubs and other benefits. It's why I can't fly Delta MSY-EWR direct.
I don't consider my Uber driver covering his Lyft sticker and changing the color of his cabin LED lights to be product customization.
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