Uber and Lyft are 'executing' on profitability'..and have 'proven they can survive,' Researcher says
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- Опубликовано: 2 окт 2024
- Ride-hailing service Lyft (LYFT) continues to see its stock soar Wednesday - cooling after a colossal rise in Tuesday's after-hours trading - while reporting positive forward guidance. Uber (UBER), a major competitor in the space, topped its fourth-quarter earnings estimates, citing significant increases in year-over-year bookings.
Gig economy workers - including those from DoorDash (DASH) - have staged a strike, seeking fairer pay and treatment by employers. Manhattan Venture Partners Head of Research Santosh Rao and Citizens JMP Securities Head Mark Lehmann join Yahoo Finance to talk about these events that may create further headwinds for companies powered by the gig economy.
"These services have become an intrinsic part of the transportation fabric of all the cities, I think everybody knows that," Rao comments. "I think they will settle at some point. They need to maybe compromise, the costs will get pushed down, the insurance costs and all of that will come down."
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drivers continue to make less. The deal that was agreed upon where drivers could set their rate and not be bothered unless criteria was met was immediately taken from us after they lied California voters. The deal was we would be respected as independent contractors but have instead had our phones turned into data nightmares as uber hits us with offer after offer after offer of jobs that pay so low it is mathematically insulting a minimum is not set far above these horrendous offerings not to mention the annoyance having to decline these insulting offers. Other than that my 281 shares are happy today. i make more from th stock than driving my own car delivering for them. This has to get better.
$3-5 dollars is the average pay per trip in DFW.
Some red flags! Uber has only transferred income losses from investors to drivers causing a much consternation among their “revenue streams”. The caliber of driver from the early days has greatly diminished. As a driver, I see it at airport holding lots. Also, satisfaction rates from passengers are falling. Uber/Lyft service and profile are denigrating into that of a cab company.
They're profitable because they're raising prices on customers and reducing pay of driver's.
Gets for shareholders & upper management. Crushing customers & driver's. That 70/30 split needs to be 30/70 in favor of driver's who take all the risk.
Too far off from self driving cars