[HN Gopher] Lyft Hires New CEO as Founders Step Back
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Lyft Hires New CEO as Founders Step Back
Author : mfiguiere
Score : 22 points
Date : 2023-03-27 20:41 UTC (2 hours ago)
(HTM) web link (www.wsj.com)
(TXT) w3m dump (www.wsj.com)
| jumarm wrote:
| This past year I interned at Lyft and had a blast. Their
| engineering, engineering education, and employees are top notch
| and have produced great open source projects (Clutch, Confidant,
| and Envoy).
|
| To be beleaguered by not taking the competition seriously in the
| early stages and not innovating enough... that's business. I hope
| the great engineering is retained somehow and wish the new CEO
| best of luck.
| sethbannon wrote:
| https://archive.is/GGXnP
| mathattack wrote:
| Seems like they took the foot off the gas over the past year and
| let Uber push them around. It's hard being number two in a
| "winner takes all" market with such strong network effects.
| DANmode wrote:
| https://secondmeasure.com/datapoints/rideshare-industry-over...
| bsder wrote:
| There is no "winner takes all."
|
| There is "subsidize the market until you drive out all the
| competition and hope you can raise to monopoly prices
| afterward." And more money just got expensive.
|
| So, Lyft and Uber are locked in a Catch 22 death embrace until
| one (or both) collapses.
| toomuchtodo wrote:
| India's new non profit government sponsored commerce
| facilitator ONDC is something to follow in this space. Like
| UPI, but for meatspace logistics vs instant payments and
| charging substantially less than Uber and Lyft (3% vs 30%,
| broadly speaking). If successful, I expect the model to
| spread vs "Big Tech Boom and Capture".
|
| https://finance.yahoo.com/news/zero-commission-ride-
| hailing-...
|
| https://fortune.com/2022/08/02/why-india-could-single-
| handed...
|
| https://ondc.org/
| yieldcrv wrote:
| Where I live, Lyft seems absolutely gutted by Uber's pushes.
|
| The Uber's Tesla rental program has been really popular, and it
| forces drivers to only drive Uber. In comparison to the past or
| parallel world where drivers have both apps on at the same time.
|
| So now its all these nice cars, great advertisement for Teslas,
| less Lyft drivers, and Lyft will therefore surge price to double
| the cost of an Uber far easier.
|
| This does seem like a death spiral, but Lyft still has some
| utility because I will still ask for a ride on both platforms and
| pick whichever one has a driver that comes soonest. Or like today
| where I will need two cars at the same time, I'm going to call an
| Uber for myself, and I'm going to call a Lyft for my date from
| her address to the same location. If only one of the apps let a
| single user have multiple rides happening in parallel, hint hint.
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