daz28 Posted March 18 Posted March 18 Are you saying Lyft should just be an after school job for kids? How exactly would a kid buy a vehicle and pay insurance and repairs on it making less than $15/hour? Uber and Lyft are trying to play cab company by deleting their overhead, plain and simple. Aug 4 (Reuters) - Ride-hailing firm Lyft Inc (LYFT.O), on Thursday forecast an adjusted operating profit of $1 billion for 2024 after reporting record earnings for the second quarter, betting on strength in the rideshare market as it rebounds from pandemic lows. Lyft's shares jumped more than 8% in extended trading, as the company also reported profit above Wall Street estimates on the back of soaring demand for rides and its cost-cutting efforts. Can't afford to pay the drivers, though. LOL
Tommy Callahan Posted March 18 Posted March 18 Are they making a profit there. And it's just another example of Dem policies driving people.and companies from an area/state. 1
SCBills Posted March 18 Author Posted March 18 10 hours ago, daz28 said: Are you saying Lyft should just be an after school job for kids? How exactly would a kid buy a vehicle and pay insurance and repairs on it making less than $15/hour? Uber and Lyft are trying to play cab company by deleting their overhead, plain and simple. Aug 4 (Reuters) - Ride-hailing firm Lyft Inc (LYFT.O), on Thursday forecast an adjusted operating profit of $1 billion for 2024 after reporting record earnings for the second quarter, betting on strength in the rideshare market as it rebounds from pandemic lows. Lyft's shares jumped more than 8% in extended trading, as the company also reported profit above Wall Street estimates on the back of soaring demand for rides and its cost-cutting efforts. Can't afford to pay the drivers, though. LOL It’s amazing that Lyft & Uber seem to work just fine everywhere else.. So you can blame them all you want, but the fact is.. those people had jobs and now they don’t. The people of Minneapolis could use Uber/Lyft, and come May 1 .. if this holds up .. they now cannot. And whatever tourism the city was trying to bring in will also be affected because nobody wants to deal with trying to figure out taxi’s or navigating whatever government run hellscape of rideshare program the city will eventually attempt to put forth. Time after time, we see that businesses are for profit (shocking, I know). And when government decides to step in and arbitrarily raise costs, those businesses either cut hours, let go of workers and/or raise prices for the public. And time after time, leftist politicians pretend to be shocked at the inevitable outcome of their overreach. 1
daz28 Posted March 18 Posted March 18 3 hours ago, SCBills said: It’s amazing that Lyft & Uber seem to work just fine everywhere else.. So you can blame them all you want, but the fact is.. those people had jobs and now they don’t. The people of Minneapolis could use Uber/Lyft, and come May 1 .. if this holds up .. they now cannot. And whatever tourism the city was trying to bring in will also be affected because nobody wants to deal with trying to figure out taxi’s or navigating whatever government run hellscape of rideshare program the city will eventually attempt to put forth. Time after time, we see that businesses are for profit (shocking, I know). And when government decides to step in and arbitrarily raise costs, those businesses either cut hours, let go of workers and/or raise prices for the public. And time after time, leftist politicians pretend to be shocked at the inevitable outcome of their overreach. All the blame for the leftists, and none of the blame for the "profit" businesses who are making money hand over fist and could EASILY pay a minimum wage, which has been PROVEN to be possibly the greatest labor tool ever produced by man, aside from safety restrictions. Now go cry SOSHULIST! from the mountaintops, because that's EXACTLY what they want a good simp to do. You know who ends up paying for their under-paid drivers needs, while they live high on the hog? YOU, so you end up with socialism either way. If you want to know what the cherry on top is, they lobby your politicians for TONS of money: The General Services Administration, the procurement arm for the federal government, granted the five-year contract to Uber and Lyft, the companies confirmed. The contract is worth up to $810 million, though it’s unclear how much each company will receive.
The Frankish Reich Posted March 18 Posted March 18 I've been spending a fair amount of time in the Phoenix area this winter, and I am glad to report that driverless "taxis" are the way to go. Coming soon to a city (that doesn't ban them) near you. The future is now. https://waymo.com/
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