Look for an Uber-Lyft merger within five years. You will forget you heard it here first.
Probably. It’s not a bad model, but one of the problems has been that it has been under attack from several liberal states (such as CA) who hate the idea that people may be making money outside of the reach of the unions.
The drivers are basically self employed, which is what the “gig income” is all about. I was self employed, doing translation jobs I got from internet sources, for years, and sometimes I made very good money at it. And it gave me the flexibility to write on other things, travel, etc. So that’s what the “gig economy” is all about, flexibility and freedom. And even if you pay your taxes, which I certainly did, freedom is what the state hates.
And then Amazon buys them.
Look for an Uber-Lyft merger within five years. You will forget you heard it here first.
A merger with Uber was all but inevitable for Lyft but management opted to pursue the IPO route instead. It will only prove to delay the inevitable.