What do we all think about Lyft? They have some really cool roles that I’m interested in pursuing but a bit skeptical about the ride sharing business model long term

like
Posting as :
works at
You are currently posting as works at

I don’t think there’s a long term future for them in terms of company growth. If autonomous becomes a reality, they are SOL even with partnerships. Cruise/Waymo can build their own hailing platforms quickly and will want to go direct. The alternate mobility market is fine, but very competitive market that’s fairly stable at this point (the scooter rage is past it’s peak).

Even short-term they seem to have some driver supply and pricing issues vs. Uber, may be more anecdotal though.

They pay top-of-market for tech roles (swe/pm/ds) and market or below for non-tech. One year grants so limited upside/downside though in either direction worst case is covid which halved the price and best case is back to ipo price (double), which I think is unlikely to happen short-term anyways. They laid off ~20% of their workforce during covid.

Anecdotally a lot of people seem to be leaving for “newer/shinier” things (their CFO left for open sea, NFT for example) ride-share is stable market with limited growth opps so somewhat understandable. Growth opps in career may be more limited as company slows, but may be more opps if attrition in higher-level roles is high, not sure that’s ideal.

At the end of the day, it’s not a sinking ship but it’s not a rocket ship either. Probably a decent place to work if you’re interested in the space overall. Better if you’re in a tech role of course for $$$.

likesmart

I’ve been looking at them too…I think they look good, and think beyond just ride sharing. Their investment in alternative mobility and transportation in general seems good. As a former Facebooker, I’d say they’re just as relevant as meta. Transportation is proven need, virtual worlds aren’t yet. Not saying the new shift at meta isn’t cool, but it’s a solution without a problem. Transportation of all kinds is a solution to known problem of needing to get around. IMO.

likehelpful

Well put! It’s just that Meta is clearly a profitable company and that makes me feel better

like

I mean, if your plan is to retire there, then I get your hesitancy. But I don't think we're anywhere close to autonomous vehicles becoming mainstream, and with so much focus on the climate change initiative, I'd say the number of people trying to do better by ride-sharing will only increase, at least for a while. If their roles intrigue you, I'd say go for it!

like

Agree. There are a lot more kinks to work out than people are aware of.

like

Who cares if it's got long term potential?

like

Guess so

What are you skeptical about?

like

I’ll chime in that “hot”doesn’t necessarily mean lucrative. Web3 might be a giant bubble and I wouldn’t go there if you’re wanting security…again, a solution without a problem, somewhat like virtual reality shift at meta.

Thanks for everyone’s comments. I guess what I want to work on is the future of work and Lyft seems like the closest one working on innovations in the space but not sure. Although there’s also work in the metaverse web3 but that feels less tangible or pressing an issue right now.

More Posts

Taking the GMAT soon. Current verbal score is 34. Tips and tricks to push it up in the next 3 weeks?

Thinking of focusing only on gmat prep exams & official gmat guide with support from ManhattanSC

like

Anyone have advice for mid 30s professional with experience in film and photo. Looking to pivot to f/t agency? Not a huge social networker and might need some help with my resume.

Is 'Deloitte Touche Tohmatsu India LLP' Gurgaon, cyber city DUSI or DI? Deloitte Deloitte USI Deloitte India

I joined on 18Oct and received my salary for Oct today. I didn't receive the joining bonus will they pay it in Nov salary or how does this goes? Is this normal here?

Did the EY GDS partners just confirmed the mid year happening in GDS today during the townhall??

like

How do I know if Cognizant has successfully completed my Background check? Only 1 week left for joining. Cognizant

like

What are the best agencies in Dallas? Love to hear more about the smaller shops.

Larsen & Toubro Infotech Hello guys what is the maximum a SharePoint O365 Developer could earn at 8 Years of experience.

In my opinion it should be in a range of 33 LPA - 36 LPA.

HCL Technologies Tata Consultancy Larsen & Toubro Infotech Tech Mahindra Atos Hexaware Technologies

How can I expense LOMS and other case prep material on my company card?

like

Hey fellow fishes!
I’m on my notice period.
Confused between the two. One from Big 4 for Consulting profile. Another for PM.
What is better in terms of work and career pivot?

PS: I have 3 years exp in software consulting

like

Hey fishes looking for job opportunities. Having a experience of 8 years in banking industry with varied roles such as credit analysis, operations manager and business analyst. Appreciate any leads which can land me a job can join immedietly

like

How is LTI to join at Senior Manager designation with 28 LPA CTC .

like

When working as a realtor, do you prefer to use your own phone or did you get a new one for job-only purposes, such as client calls and your public information?

likesmart

Top 3 shops for a creative in New York. Annnnnnnnnd go!

likehelpful

Can we claim internet bill in Capgemini If so how much max we can claim and what is the process?

like

Hey, researching & would love to know: any experiences of isolation you’ve felt; personal examples of belonging (or lack thereof) & how this has affected your mental health. Thanks!

like

One of my best friends from undergrad days pinged me today that he is blessed with twins- one boy and one girl. He was just so happy, and my heart is full with the great news.

On the contrary, here i am on a sunday, unmarried, and my biggest worry is- have no clue of how to build a fuckin analysis model that is due tomorrow. Not sulking, but trying very hard not to.

I still dont know what happiness means... looking fwd to the comments to lighten my mood, so get crackin’

like

PwC I will be joining PWC Indian on 27th September but still now didn’t get any updates related to laptop and Onboarding. Can any one gave me a clarity on this …??

like

Any 🐠 in NYC up for a meet up? I've been meaning to go to this mini golf place. Open to other ideas as well.

like

Additional Posts in Tech

Does anyone here have experience in curriculum development for Cloud computing and Full stack development for college students?

like

Received a written offer from Amazon 4 wks ago, pushed for higher level, reinterview. HM supported it but couldn’t get it done. My og offer went from start date of oct 10 to Jan 3rd. Recruiter said the numbers are locked. I couldn’t reach the HM. Running out of time I accepted. I contacted the HM again saying yay! I accepted. I Have been ghosted for 5 days. Recruiter said background check should come via email soon. Haven’t seen anything. Weirdest experience ever. Why wouldn’t the HM reply?

like

Anyone know Intuit TPM levels? Looks like PM3=Senior, PM4=Principal, PM5=Staff?

like

Asking for a friend, Help choosing between the current offer of 130 work for home an offer of Senior Program Manager 180K in TX from a tech giant for onsite.

like

Does anyone here write blog posts on Medium/LinkedIn/Personal blog etc? I’m interested in doing this but I am curious if there is any risk that my employer will view this negatively

like

Which companies did you go to after FAANG?

like

Anyone from the big 4 type firms (KPMG etc.) that can give insight into what it’s like working for them?

like

Ok people who have gotten high TC - what kind of gifts or other perks do you get?

likehelpful

I work on-site in a manufacturing facility. I'm leading a project where I'm the expert. I want to transition into a more flexible/ hybrid role (not necessarily with the company). How do I bring this up to my manager?

like
like

Are there any companies that are successful right now that were funded almost entirely through crowdfunding?

like

Please what is the salary range for a Customer solution Engineer at gtech (Google) precisely for Germany or any European country?

Also do you think its worth the switch from a SWE position in a non FAANG to a customer solution engineer at Google?

What are the possible career impacts for someone who love a career in software engineering moving to solution engineer?

like
like
like

Hey! I’m wrapping up my Masters in Engineering Management and have a background in Aerospace Eng with 3.5 YOE. I wanted to make a move after I finish my masters cause TC sucks. What are some career options for me? Should I look for senior systems engineer positions or do I have a chance of getting any PM roles? Would love thoughts and advice!

like

About to get a position with accenture for product support with fb. As employees of Accenture,will we still get access to fb facilities like food,gym,etc? Or are we restricted to some degree?

like

Is it possible to break into management at FAANG without a postgraduate degree? Everyone above me has at least a Master's and I've just got a Bsc.

like

Hi! I'm currently working in a startup focused on teaching about the social concepts
that affect individual success. Our workshop engages and looks to improve social
awareness, problem solving, and collaboration skills with a high potential to develop
outstanding empathetic leaders. During the session you'd face difficult choices that might
break the simulated society or help it thrive. We are looking for people interested in
learning more about our workshop and becoming beta testers!

like

What’s a reasonable base salary for a PM role at a series b startup? 3 YOE, nyc based

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal