Lyft IPO

[DarrinS]

Planes would be easier. You've seen how that can go bad.

[Winehole23]

offloading risk from venture capitalists to retail investors?

Uber Technologies Inc has 91 million users, but growth is slowing and it may never make a profit, the ride-hailing company said on Thursday in its IPO filing.

Uber lost $3.03 billion in 2018 from operations.

Uber had not disclosed the latest user numbers before, and the figure indicates the scale of the business. Although its user base includes customers of other services and ride-sharing, the number is nearly five times the 18.6 million announced by rival Lyft Inc.

Uber in 2018 had $11.3 billion revenue, up around 42 percent over 2017, but below the 106 percent growth the prior year.

https://www.reuters.com/article/us-u...-idUSKCN1RN2SK

[Ragin Cajun]

Correct. People need to get their own car tbh or just use mass transit. Uber, Lyft, and the rest of their kind are going to go out of business in the next several years. There will still be yellow taxis, but like you said they aren't cheap.

LOL thinking taxis will be around and Uber/Lyft will go away. Unless taxis change to a model more similar to Uber/Lyft they will slowly die.

[CosmicCowboy]

Waymo will be the one that survives. google will have the 3D mapping down for self driving cars in a few years and will kill the rest.

[Millennial_Messiah]

LOL thinking taxis will be around and Uber/Lyft will go away. Unless taxis change to a model more similar to Uber/Lyft they will slowly die.

Taxis are still >>>>>>>>> Uber/Lyft in NYC, at least the part of Midtown Manhattan where I lived last spring

[Ragin Cajun]

Taxis are still >>>>>>>>> Uber/Lyft in NYC, at least the part of Midtown Manhattan where I lived last spring

Uh, no. Apparently you haven't seen what happened to the value of medallions in NYC.

[Ragin Cajun]

https://www.npr.org/2018/10/15/65659...ying-the-price

[Millennial_Messiah]

Uh, no. Apparently you haven't seen what happened to the value of medallions in NYC.

Every street I walked around there were hot Italian looking brunettes around my age with their thumb up for one of the 6 yellow cabs lined up at each stop light.

[SpursforSix]

Every street I walked around there were hot Italian looking brunettes around my age with their thumb up for one of the 6 yellow cabs lined up at each stop light.

What did they think about your diarrhea stains?

[Millennial_Messiah]

What did they think about your diarrhea stains?

I didn't talk to them. I probably should have, given that I had my own one bedroom apartment, decent for NYC standards. But my hair was too long back then. I basically looked like a generic emo without the makeup, piercings, tats or blackwear.

Definely not dago wop guido enough to score a pizza-cookin' lady.

[Blake]

LOL thinking taxis will be around and Uber/Lyft will go away. Unless taxis change to a model more similar to Uber/Lyft they will slowly die.

I don't know about that tbh. I think with regulations and background checks being more and more of a thing, Uber/Lyft may need to a model more similar to taxi companies.

[Winehole23]

Prop 22 goes down

[Winehole23]