[tomashertus]

So taking into account these two facts:

> in 2014, it was 51,000 drivers and 2.2 million monthly rides, according to the document

> A ride booked in San Francisco through the Classic service generates a 92-cent profit for Lyft, including marketing costs but excluding corporate expenses, such as software developers and office space.

and assuming that all these 26.4 rides where Lyft Classic(which is of course foolish, but good for now), they would have around $24.28M for corporate expenses. Well and office in SF with ~500 people and all these perks in the heart of Mission district, makes me wonder if they are even profitable...

[lbarrow]

You don't have to wonder. It says at the bottom of the article that Lyft is not profitable:

  Though currently unprofitable, Lyft's ride economics appear to be going in the right direction.

[tomashertus]

my bad, I was agitated from the graph above this statement!:) Thanks

[revelation]

Wow. Leave it to a startup to go into the red whilst providing 1) an app and 2) fluff mustaches and .. well not much more, really.

[simonw]

They're in a flat out race to gain market share with Uber. If they were profitable (rather than reinvesting revenue in further growth) their investors would rightfully be furious.

[revelation]

They are a middleman. Where exactly is the finish line of this particular race? Because it sounds very much like an antitrust lawsuit.