Pivot Will the rising tide of ride sharing Lyft all boats?
Mar 29, 2019
Scott and Kara share their skepticism about Lyft's IPO while exploring the ride-sharing industry's network effects. Facebook's ban on white nationalist posts sparks a discussion about online accountability. They dissect the evolving landscapes of media and ride-sharing, reflecting on their challenges. For a dash of humor, they compare political theatrics to winter blues, all the while pondering the future of companies like Lyft and Uber. Plus, insights on inclusivity and the unique needs of sensory-sensitive individuals add depth to their engaging conversation.
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Lyft's "Nice" Founders
- Kara Swisher recalls a dinner with Lyft's founders and other tech figures.
- Dick Costolo predicted Travis Kalanick would "eat him alive" due to their contrasting personalities.
Ride-Hailing Economics
- Ride-hailing services currently operate through a wealth transfer.
- Investors and drivers subsidize riders, making rides cheaper than their actual cost.
Network Effects in Ride-Hailing
- Scott Galloway argues ride-hailing lacks true network effects.
- He emphasizes scale but questions Lyft's path to profitability with negative EBITDA margins.