yeah arg is that CC has bad unit economics (true for Max, probably not for Pro) but like...that doesn't mean it's *necessarily* a permanent money-loser. Stimulating demand by under-pricing can work! $UBER $LYFT $ABNB $CART $DASH etc etc
Bloomberg: #Lyft sinks 17%. The #ride-hailingfirm issued a disappointing forecast, a sign its global expansion and new products aren’t performing as well as anticipated.
$LYFT a real messy report - legal/regulatory charges drove a Q4 operating loss despite record adj EBITDA margins for Q4 and a tax benefit that led to a massive GAAP EPS print. Q4 guide was weak but they authorized a buyback for $1bn of the $6.9bn market cap (14.5%). Shares -14% after-hours.
New Data Shows Robotaxis Competing on Price—and Speed
Anyone have opinions on whether #Uber or #Lyft is better?
Lyft changed the price on me multiple times. Recently, it said "Since you updated your stop or destination, your fare reflects actual time and distance". I didn't make any changes!
On the next trip, it sent the driver to the wrong location. I think that is Apple's fault. Their GPS was total garbage in downtown Seattle. But Lyft's app didn't give me a way of contacting the driver to find out where he was. They charged me a waiting fee.
Given the wear and tear that #Uber #Lyft #Doordash et cetera put on one's vehicle, I've described working for them as, "not making money, but making a withdrawal on the value of your car." But cars wear out and new cars cost more than ever. How much longer can this #GigEconomy last if it doesn't pay enough to invest in another round of capital?
See, you’re helping these corpos scam gig service workers when you pretip. They usually let you tip after delivery if you want to, but it’s better to give them cash if you want to tip. At least you know they get it. (I have seen quite a few posts of Uber drivers being shown by customers what they tipped but not getting the whole tip & they wouldn’t have known if the customer didn’t show them their screen.)
From this link:
“If the algo predicts you are a ‘high tipper’ and you’ll likely drop $10, it offers the driver a measly $2 base pay. If you tip $0, it offers them $8 base pay just to get the food moved. The result is that your generosity isn't rewarding the driver; it’s subsidizing us. You’re paying their wage so we don't have to.”
I literally don’t care if my grocery delivery order sits longer so the store has to keep offering more and more money for someone to take it because I don’t pre-tip. I stopped doing it when my stuff kept ending up at the wrong apartment complex. But also it’s not my job to pay the store’s payroll expenses. Let my order sit until they offer the delivery people enough to make it worth it to them. Let it burn to the ground until they do.
I’m a developer for a major food delivery app. The 'Priority Fee' and 'Driver Benefit Fee' go 100% to the company. The driver sees $0 of it. : r/confession https://www.reddit.com/r/confession/comments/1q1mzej/im_a_developer_for_a_major_food_delivery_app_the/
#Reddit #GigEconomy #EndTipping #uber #lyft #instacart #spark
RE: https://thepit.social/@peter/115824339431975101
Tech are grifters.
Tell a friend.
🍟💨 Priority Delivery - a scam
💸 Driver tips - subsidizes the company
👨🏻⚖️ Driver Benefit Fee - pays lawyers to scam drivers
This has been the normal for decades.
I’ve witnessed it first hand in countless client meetings before I started @roots
The Big Tech Bros are the modern bootleggers, grifters, and swindlers. Sadly, their mustaches game isn’t even close as to the Robber Barons!
TIL: as a #Lyft rider, if you edit your route, the driver will receive nearly nothing from the additional charge you pay.
🚗 ¡Carrera por el futuro! #Baidu se asocia con #Uber y #Lyft para lanzar #robotaxis en Londres en 2026. El gigante tecnológico chino entra de lleno en el competitivo mercado de los vehículos autónomos, desafiando a #Waymo en el Reino Unido.
How a police raid sparked L.A.'s Black Cat protests — which predated Stonewall and birthed The Advocate
https://fed.brid.gy/r/https://www.advocate.com/history/black-cat-lgbtq-protests-history
Doordash DashPass subscribers get 5-10% off Lyft rides & 2 free Priority Pickup upgrades.
https://about.doordash.com/en-us/news/doordash-partners-with-lyft-for-dashpass-members
Uber and Lyft rolling Baidu robotaxis into London next year
Uber & Lyft Team Up With Baidu for UK Robotaxi Trials
Uber and Lyft have partnered with Chinese tech giant Baidu to launch autonomous robotaxi trials in the UK in 2026, marking a major step toward driverless mobility in London and beyond.
#uber #lyft #baidu #robotaxi #autonomousvehicles #uktech #futureoftransport #selfdriv
🇬🇧 ¡Londres se electrifica! #Baidu + #Uber + #Lyft = #Robotaxis en 2026. 🚀
Uber and Lyft to test Baidu robotaxis in London next year, joining Waymo