I want some thoughts on $LYFT Go!
@steven_xu @patwallen are a couple holders of Lyft...alternatively, would be curious why @bwright83 @rihardjarc and @brad own Uber over Lyft!
@eric my thesis is an absurd thesis- I think prop 22 is destined for failure, smart EV autonomous vehicles will supplement the ride sharing world, and Uber will fail under its own weight- leaving Lyft to be purchased by an Aurora or Cruise or the like. It’s a long term data play and nothing else
Lyft is a service, a great service. They have a wonderful ride share business and everyone I've ever interacted with there is fantastic.
I just don't have any interest in owning a rideshare business. Uber, on the otherhand, is a platform. I love platform businesses.
How does robotaxi's like Cruise fit into LYFT/UBER's strategy. Are they working on it internally or relying on external development (ie. TSLA Cruise, etc). I know it's a little ways off but I think LT investors have to consider the good, bad, and possibly, ugly implications....
Lyft will probably never gain much more than 30% market share to Uber's 70%.
Right now they're hovering at 68% Uber / 32% Lyft. I don't expect the competitive dynamics to change such that this market structure will meaningfully shift.
