[wbsss4412]

Lyft’s adjusted EBITA was $55 million in Q1, given their active rider number stands at ~19 million, at best they are likely offering rides at cost.

That still leaves out the costs incurred by the drivers. Opex for transit agencies includes maintenance, insurance and driver salaries and benefits which are much more costly than it is for Lyft.

You are right that sprawling metro areas are very well suited for mass transit, though. There does need to be a sufficient amount of demand in order for it to work.

The fact of the matter is that the main problem is a land use pattern that requires over $9 to travel to and from a child’s daycare.