Lyft and Uber said they will cease operations in Minneapolis after the city’s council voted Thursday to override a mayoral veto and require that ride-hailing services increase driver wages to the equivalent of the local minimum wage of $15.57 an hour.
Lyft called the ordinance “deeply flawed,” saying in a statement that it supports a minimum earning standard for drivers but not the one passed by the council.
How the fuck is Lyft still a company?
They don’t deliver food, how did they survive the pandemic?
How many dumb billionaire venture capitalists put way too many eggs in that basket?
Something tells me that would be an easy stock to short.
Lyft’s reputation as a company is slightly less bad than Uber’s …
Yeah, on the rare occasion where I need to take a ride-share, I go for Lyft over Uber just because they are the lesser evil, not because they are better.
Fun thing- the drivers in this town have both Uber and Lyft stickers on their cars.
the lesser evil is just evil
Never said they weren’t evil. All I said is that if those are the only options I have, I choose one over the other.
What a clown take.
You should go for whoever gives you the better deal, lol.
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Really? I recall a South Park episode showing the exact opposite, lol.
Also, all of my friends use Uber EXCEPT one who uses Lyft because their job gives them a better deal.
Stob believing South Park you doughnut.
Jesus Christ ppl think South Park is news now???
We’re fucked
What do you mean “news”?
We’re talking about the company’s reputation.
So sad when people like you think you’re smart.
I know a lot of people who simply just use both Uber and Lyft; and refer to them both as “Uber”.
Yeah. And “dumb venture capitalists” describes Uber more than Lyft. They’re way more overextended.
Food delivery? You want to compete against GrubHub, Doordash, Postmates, and local restaurant delivery drivers? It’s a losing business.
Having two options means you get to compare prices. Most drivers work for both anyways. Also, I don’t use Uber for anything other than car rides.
Uh-oh for Uber
It’s lost 80% of its value in the past few years. I think you’ve maybe missed the boat on shorting.