finance

What a wild difference over the last 2 years!

Uber $UBER: +93%
Lyft $LYFT: -67%

🇧🇷🇺🇸 - Book: Making Things Think: https://holloway.com/mtt Investor in Wander, Carry, Footprint, Merkle Manufactory (Farcaster), Dynamic, Paragraph

Not all network effects are built the same :)

Now let's see the chart for drivers wages. The people doing the actual work and both platforms take 60-70% of each ride.

This should be illegal, but hey at least the VCs get rich.

This would have made for an amazing Long Short trade guddddamn

$55 for a 2 mile ride
$150 airport pickup

Seems like Lyft needs to combine with a delivery service & go International

The era of low interest rates where companies could compete with existing companies by raising enough capital is over. 

Companies must be fit and efficient 

Uber 😤
Meta 😤

I liked lyft more in the USA, but they never expanded overseas