We talk about Lyft vs. Uber a lot on the site and today, RSG contributor John Ince, takes a look at just how much it costs to compete with Uber. Let us know what you thought of this week’s stories in the comments below.
Today I’m going to focus on just a few articles that highlight two dimensions of ridesharing that deserve greater scrutiny – the financial outlook of rideshare companies (especially Lyft) and the international future of ridesharing. Bloomberg, Business Week was the first to break the big story about Lyft’s finances, based upon a presentation document they’d obtained. The presentation offered much more insight into Lyft’s finances and strategy than had been publicly available before. Many others including the Wall Street Journal, picked up on Bloomberg’s revelations and offered their own interpretations of the numbers, as I will also do below. [Read more…]