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Driving services: The race of Lyft against Uber

The investors are eagerly awaiting today's Lyft-IPO, the optimism is huge. To provide a driver for private driving services, Lyft and competitor Uber, but only

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Driving services: The race of Lyft against Uber

The investors are eagerly awaiting today's Lyft-IPO, the optimism is huge. To provide a driver for private driving services, Lyft and competitor Uber, but only a first step: The plans go much further. Once again the future is to be re-thought.

The race for a huge market has already begun, the Belief in a the magnificent future of the transport service intermediary is large. Only the high valuation can be justified: Currently, Lyft is supposed to be a total of about $ 25 billion in value. Lyft gives you exactly how the competitor Uber rides with private drivers, the customer may order via the App.

Lyft: Why own a car when you can get a cheap chauffeur?

This is a placement fee. Welcome to the modern platform-the Economy, the relates to, and has been the sector of mobility: The continuous growth of the urban population and the rising cost of the car pushed the acceptance of the model "Transportation-as-a-Service," says a US Analyst.

bet... Lyft is gonna make gains?

to Date, the group is removed from San Francisco is still far from black. The losses in 2018 and amounted to 911 million dollars with a turnover of 2,2 billion dollars. In 2017, the drop stood at around 690 million dollars for half the sales. Not only the turnover, the market share in the U.S. is growing, with shares Lyft in the stock exchange prospectus. In 2016, he had still amounted to 22 per cent, currently, he spent 39 percent. The data were obtained from the Japanese E-Commerce group Rakuten, with 13 percent, the largest shareholder and since the year 2015.

Lyft App: driving services, convey, Commission

At all growth cash in on the euphoria, the risk remains high. The Management around the two founders Logan Green and John room to warn that Lyft will not be for years profitable. This is because the growth costs a lot of money. Lyft is handling the high cost of Marketing to win market share. The Financial Times quoted an Investor who speaks of a "long term bet".

The race for the top position

It is not only a risky bet for investors, it is also a race between Lyft and Uber. In April, Uber wants to take the plunge in the stock market. Of the many digital revolutions of the last years have in common: they operate according to the "The winner takes it all"principle. Who will win the race, you can make a whole market. Where are the powerful competitor to Facebook, the Google search engine or the Online giant Amazon?

Uber founder Travis Kalanick: investors have to pressure

at The Moment made Uber before Lyft. Unlike Lyft, Uber is global and is already active in almost 60 countries. Only on Tuesday had to contend About a billion of buying in the Middle East. Lyft is only in the USA and Canada. Always be the market value is almost six times as high. Experts rate About with up to 120 billion dollars. This would move About in a size, the Volkswagen, and Daimler, together with their market capitalization. 2018, the Uber-losses were about the same as the competitors. Compared with the revenue of $ 11.3 billion, the balance sheet looks better.

For Lyft is not likely to be advantageous in that the brand is scandal prone. Uber has the reputation of, the drive Expansion reckless. After sexism allegations, Reports of aggression in the workplace and unfair working conditions-in-chief and founder Travis Kalanick was forced to resign under pressure from the investors.

First of the driver, then the machine

The people from Lyft said to be rather friendly capitalists, the talk of values, not just prices. Social institutions, both corporations are not. As in the case of Uber, the Lyft drivers are "independent contractors", not employees. In order to be attractive to customers, is the cheap ticket price is crucial. The driver claims, that your merit is sufficient in spite of many hours of work to life, and the payments would be reduced.

filming of the Martin Scorsese film "Taxi Driver": "driver replace it as soon as possible by a machine"

In Germany, the business models of Uber and Lyfts not (yet) work, because the legal regulations of the passenger transport act to provide, for example, that taxi drivers need a license and passengers must be insured. Federal transport Minister Andreas Scheuer wants to allow driving services, however, until 2021.

But as there are corporations from the Silicon Valley real Tech, go to the plans long ago much more, than the ideas of the CSU-Minister of transport. The goal is to replace the driver as soon as possible by machines. Who is Driving the Autonomous front, in the long term will lie in the front, the Lyft-Management in the stock exchange prospectus. And Always Be The Vision? Together with NASA working on flying Taxi. In the year 2023, the service will go to the Start.

1/6 Who makes the Lyft IPO?

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