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by femiagbabiaka 1149 days ago
Seems like that lends more credence to the idea that product strategy was the problem then no? How does a company decide to hire angineers and the products they'll be working on? It's true that engineering roles across the industry were overpaid in a way we're probably never going to see again, but isolated, that was just a symptom of the general amount of money sloshing around the tech ecosystem and doesn't really have anything to do with the reasons Lyft may or may not fail. The business model as it exists (at current pricing levels) is unsustainable. Even Uber is only achieving profitability because of its investments.