Lyft’s co founder is giving his all to catch Uber

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Lyft co-founder and president John Zimmer explains to CNN’s Laurie Segall how he leads through tough times, what competing with Uber is like, and his vision …

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7 COMMENTS

  1. BOTH of these companies are being run by idiots who have chosen to make it impossible to earn a living wage without working 60-80 hour a week by getting into a price war with each other…

    Soon both of them intend to go public…as if Wall Street is going to be interested in a money losing proposition.

    Very sad to say the the future of ride sharing is dependent on a confederation of dunces who are so abjectly imbecilic that together they have turned the most successful startup in human history into a couple of money burning machines….

    Especially when you consider the number of lives that have been saved due to the effect that rideshare has on the number of intoxicated drivers on the roads…a number that now must be in the tens of thousands.

    It is of course impossible to unite drivers in open protest but if it were possible perhaps the best and most effective way of taking control of the situation would be to….

    Drive ONLY for UBER on even numbered days….and ONLY for LYFT on odd numbered days…

    Effectively cutting the fiscal year down to six months for both companies…

    The per mile rate should fluctuate based on the average price of regular gasoline and the per minute rate should be exactly equal to the minimum wage… (around $1.25/mile and 0.25 respectively)…the split should be static and always remain 80% to the driver.

    But management at both companies are too inept to see that the end of rideshare is very near…about 18-24 months away if things don't change…meaning prices and driver pay have to go up…

    And no amount of cutesy promotions, financial three card Monty and shell games are going to replace the fundamental basis of all business…

    Which is a fair trade on both sides.

  2. Uber does not screw drivers. That is an inaccurate statement. I operate in east Tennessee and do very well for the amount of time, effort and money I put into it. For every $21 I invest in my operations, I see on average of a $425 return. It requires a bit of business sense to see escalated financial returns. Anyone who complains of Uber using "slave labor" is either financially uneducated and regularly sees their lights being turned off or is relying on payday loan services to barely get by. I add over $2000 a month to my $6500 per month salary. That works for me…

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