[paxys]

As a reply further down points out, half of their loss is in the form of stock based comp and that doesn't affect free cash flow, so Lyft isn't quite going out business in the next year.

The situation is still pretty dire, however. It's crazy to me that Lyft still hasn't entered the food and grocery delivery market when it has been abundantly clear for years that that's where the money is. And in 10+ years of operation they still haven't been able to launch in a single location outside the US.

[Scoundreller]

It will affect their cashflow if they can’t continue to pay staff in stock based comp.

Lyft operates in Canada.

[umeshunni]

> It will affect their cashflow if they can’t continue to pay staff in stock based comp.

That's not how cashflow or stock based comp works. Lyft doesn't buy stock off the market and use it to pay their employees - they just issue new stock.

[danielmarkbruce]

Pretty sure they are commenting on the fact that employees won't continue to accept funny money. In which case they may have to pay a larger % of comp in cash to stay competitive and hence it will affect cashflow.

[okdood64]

> has been abundantly clear for years that that's where the money is

Can you provide some data for this?

Previous discussion: https://news.ycombinator.com/item?id=26392154

[lazyant]

Lyft manages or is the owner of companies that manage bikes/ebikes/scooters in multiple cities around the world.