Comment on Leaked Lyft Document Reveals a Costly Battle with UberparentComments−lbarrow11yYou don't have to wonder. It says at the bottom of the article that Lyft is not profitable: Though currently unprofitable, Lyft's ride economics appear to be going in the right direction.−tomashertus11ymy bad, I was agitated from the graph above this statement!:) Thanks−revelation11yWow. Leave it to a startup to go into the red whilst providing 1) an app and 2) fluff mustaches and .. well not much more, really.−simonw11yThey're in a flat out race to gain market share with Uber. If they were profitable (rather than reinvesting revenue in further growth) their investors would rightfully be furious.−revelation11yThey are a middleman. Where exactly is the finish line of this particular race? Because it sounds very much like an antitrust lawsuit.
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You don't have to wonder. It says at the bottom of the article that Lyft is not profitable:
my bad, I was agitated from the graph above this statement!:) Thanks
Wow. Leave it to a startup to go into the red whilst providing 1) an app and 2) fluff mustaches and .. well not much more, really.
They're in a flat out race to gain market share with Uber. If they were profitable (rather than reinvesting revenue in further growth) their investors would rightfully be furious.
They are a middleman. Where exactly is the finish line of this particular race? Because it sounds very much like an antitrust lawsuit.