Quote:
Originally Posted by Nvasion
Anyone buy lyft today?
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Quite honestly, I wouldn't touch Lyft or Uber with a 10ft pole. But that's just me. I'm overall a more conservative investor.
My reasoning is simple, there is NO barrier of entry to that market. Heck, if a nice GUI is not required, I could probably write a crappy program that has 80% (if not more) of Uber app's capabilities within a few month BY MYSELF. And neither Lyft nor Uber really have a viable business model. Yes, not only have they never made a dollar. They simply don't have the plan for one. Not only that, they don't have anything else on the horizon that would push them forward.
Uber is looking into self-driving, but it's so far behind (from a tech perspective) that I'm not quite sure it can catch up. Lyft had what? e-scooters?!
If one'd bet on the ride-sharing economy, why not invest in TSLA? Musk has already spoken about what they plan to do once full self-driving is ready and that is a much more viable option. Heck, I foresee investors buying fleets of Teslas just to make money using that method. And I'm sure TSLA is going to launch its own ride-sharing app instead of giving 30% cut to Uber/Lyft or whoever.
Or even GOOG is great considering its Waymo probably has the most advanced self-driving setup in business. And I'm sure it's going to license to pretty much all car manufacturers.