Agreed, I think that driving only makes sense as a minimum wage job.
The notion that Lyft is significantly better is untrue. Lyft actually created the "ride sharing" portion of both apps (UberX emulated Lyft's model). Lyft didn't get regulatory approval either. Both have been ejected from Austin and other cities.
I think the unit economics work out, but perhaps not to the level their current valuation suggests. I think Lyft could have been successful if it had not been outspent/out-VC-raised by Uber. Lyft was the original innovator of the true ride sharing segment. Uber at the time was a broker/dispatcher for commercial limousines.
The notion that Lyft is significantly better is untrue. Lyft actually created the "ride sharing" portion of both apps (UberX emulated Lyft's model). Lyft didn't get regulatory approval either. Both have been ejected from Austin and other cities.
I think the unit economics work out, but perhaps not to the level their current valuation suggests. I think Lyft could have been successful if it had not been outspent/out-VC-raised by Uber. Lyft was the original innovator of the true ride sharing segment. Uber at the time was a broker/dispatcher for commercial limousines.