News Formal

Lyft's main taxi business is already profitable in some areas, but self-driving cars and bike-sharing are eating into that revenue

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

JPMorgan analysts say Lyft's core ride-hailing unit is basically profitable. It's the other bets that are dragging down its balance sheet.

JPMorgan says Lyft's core ride-hailing business is already profitable in certain markets.

What's more, the company's central ride-hailing component could already be profitable in many busy cities, JPMorgan estimates. It's the other, more expensive bets like those on self-driving cars and bike and scooter rentals that are siphoning off the excess revenue. "We believe the biggest change in Lyft's business since the IPO five months ago is how quickly the US rideshare market has rationalized," JPMorgan said.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Lyft's surviving cause they didn't manage to ostracize Muslims like another ride-sharing company did lol

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 729. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Beauty mogul Huda Kattan, who built a $610 million fortune from online fame, shares her 3 business tips for influencersHuda Kattan is the self-made millionaire behind the cosmetics line, Huda Beauty, and shares advice for business success.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »