> $120 Billion valuation on $2.6 billion in annual revenue?
That number is quarterly revenue (and as you say does not include the share the driver takes)
195 karma · joined December 31, 2015
That number is quarterly revenue (and as you say does not include the share the driver takes)
If I can feature request, would love to see city/local taxes accounted for, especially with the SALT deduction removed.
Good work!!
That model is far different though
For each Planet Fitness, much of the cost is upfront. That is, they have to buy the property, renovate (or build), and then buy all the machines. Yes there are increased maintenance costs as more people join the gym, but cost per user should decrease with each additional membership.
For MoviePass, for each user they have to pay for the price of each movie ticket they go to. Thus their costs increase proportionally to the number of subscribers. Unless each additional user they sign up goes to the movies less than the average MoviePass user, Cost per user doesn't decrease.
To be fair, this doesn't (I believe) take into account if traditional taxis are still dominant in some countries
Yes Lyft has gained some marketshare in the past 6 months. But Uber still dominates the US rideshare market (Uber by public accounts still has greater than 70% Market Share). Uber dominates in several other regions (Western Europe, Latin America) and is competing in several other huge markets (India and SouthEast Asia). Uber also has significant stakes in the dominant ride hailing companies in China and Russia.
This is not to diminish what Lyft has done. They're successful company. But they are in no way seeing more long term success compared to Uber as of today
One issue with HN that I constantly run into is that I might miss an interesting article because each submission (30 on each page) look so similar. Your approach (where at most 4 articles appear within my browser at once) allows me to take more time to consider whether I should read each article.
Well done!!
Can confirm, lot of Uber's web infrastructure is modeled around React
[1] https://techcrunch.com/2016/09/14/1386711/ [2] https://www.uber.com/info/atc/
step 13: profit
This is no longer true with Uber Pool and Lyft Line
I wonder if Uber drivers in cities without Lyft are happier because Uber is the only option.
There is a huge difference though. Google has the resources and network to push things towards success. There are so many different reasons why a startup may fail, but Google is able to avoid many of these issues because they are google. Not a good comparison IMO.