Uber vs. Lyft

The rivalry between Uber and Lyft is in full swing. They're both going public and we finally get a look into how they're doing. A perfect time to compare the 2 rapidly growing companies.
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[@codydrummer]

As a former driver for both, I prefer Lyft. When I signed up for Uber it was like "fill out this quick form and watch this video and you are ready" and I could've started driving an hour after signing up. with Lyft it was "we are going to do a full background check which takes a few days. You need to take your car to a mechanic and have them fill out this inspection form and then we will schedule you to meet with a driver who will verify your car and info and take a ride with you and you will be ready to begin." I feel safer knowing Lyft makes them jump through these hoops

[@lemon9734]

Thank you for commenting this. I live in the city and never know which one seems safer but I have just been using Uber recently. There has been SO many times I have super crazy drivers. They’ll get road rage, drive in emergency lane, run red lights, and then also things like not turning on A/c in 100 degree weather or just having super dirty cars. I’m gonna start using Lyft and see if I have better luck because I get anxiety every time before I go on a ride now it’s gotten so bad.

[@ashdapoet8766]

I've driven for both and the process is definitely the same.... lyft does have videos for learning but most aren't required nor do you have to seriously watch it,letting it play while you do other task will clear you

[@rololoy2]

I lost my job almost a year ago, if it wasn't for Uber and Lyft I would have been so screwed, being a rideshare driver is not a glamorous job and can be really frustrating at time but it helps pay the bill.

[@CrossoverGameReviews]

Same here except with Postmates. November and December are slow months at my jobs so I get little to no hours but I don't get paid for the time off. If it wasn't for Postmates, I would've been screwed in those months.

[@frankxu4795]

You will be even more frustrated to see that your uber/lyft income barely covers the capital investment of your car. One day, a major repair bill pops up, you will start realizing that you have overstretched your cars.

[@blackcummer1]

Man if you can get your CDL Class B !! Alot of money in driving buses and etc....I make like $80,000 to $90,000

[@miguelrosario6773]

blackcummer1 wich company you work for that pay so much?

[@blackcummer1]

Well I work for.the Federal Govt now driving there buses and they pay $24 and hour and I got a side hustle with another company that pay under the table plus tips

[@Mrtfarrugia]

The funny thing is most drivers work for both.

[@zachtrapper2398]

But the rarest driver uses all four

[@Clave_615]

@@zachtrapper2398 The Avacar, he disappeared when the world needed him most.

[@cocotaveras8975]

Mrtfarrugia True dat

[@outroseok]

I've noticed that too

[@tyronebrown2246]

GamerCalledBen wtf

[@rogertravis945]

As kids, we were told not to get in a stranger's car, and don't take candy from strangers. Now, "Hop in. Snacks?"

[@baconbitz7937]

Society

[@chr1staki]

And now you're an adult 💁🏽‍♂️

[@chewycenter7690]

Uber and I think Lyft also tell customers and drivers that 18 is the minimum age to ride. Customers will shove their kids on drivers in a heartbeat and I got into an argument with some teens when I told them I wouldn't take them and showed them the Uber policy. "But the other drivers...." Blah, blah, blah. "They're more willing to be sleazy and get in trouble than I am." Ride was cancelled. Surely they asked for another ride and someone else picked them up.

[@deafphantom865]

@@chewycenter7690 mucho texto

[@candicoated2001]

Ok boomer

[@markcarls1896]

I use Lyft. They're the exact same product, but Lyft charges less during peak hours.

[@cocotaveras8975]

LunarX Prefer Lyft, believe it's safer and more efficient and combined with that u said believe it's better than Uber by far.

[@cloudsombrero]

depends on where you go.

[@cullintikac5268]

I live where Lyft, Uber, cabs, trains, and busses seem pretty useless. However I downloaded the Uber, and Lyft apps, and the closet of both is in Dallas. Lyft will have someone drive 3 hours to my house, and Uber will not. 🤷🏿‍♀️

[@user-hq2jl6sm1n]

Uber knows it can't make a profit, they're betting on self driving cars to become profitable

[@CoasterGaming]

It’s gonna take another 5-10 years and plus Uber is gonna have to buy and maintain a fleet of cars which is more expensive then paying your own drivers

[@eddielove915]

They know the numbers for self driving cars ARE profitable, the only reason it's not fully automated is because it legally isn't allowed yet.

[@sdmitch16]

@@CoasterGaming If maintaining a car cost more than the % cut drivers take, I would think drivers would notice they're making less than $0.00. Even if only when they couldn't afford a new car after driving for a few years.

[@gregorioj.salazarbibriesca7157]

@@sdmitch16 well as a driver, we are kinda force to work over 40 hours a week if we want to make any decent amount of money. $1500 requires 55 hours... thats what i used to drive, cant do it anymore ... 35 hours = $700 and all of this $$$ is before taxes. (we always pay in tax season)

[@sdmitch16]

​@@gregorioj.salazarbibriesca7157 I looked up average driving speeds in US cities. It varies a lot so I used 30 mph. At that speed you'll drive 1200 miles a week. I assumed $2 per gallon and 25 mpg to get a cost of about $5000 per year. That means you make $13,000 a year. An income tax calculator said taxes is ~$1000 so you take home $12,000 each year, or $24,000 every 2 years. I expect a driver to need a new car every 125,000 to 187000 miles or 2-3 years. Uber and Lyft seem to be profitable, but there are other expenses I didn't include.

[@LizNguyen]

Most of the drivers drive for both companies so I don’t see a difference at all. It comes down to price 100 %

[@nothayley]

This is true, but it seems much more common for a driver to solely drive on Lyft than on Uber.

[@user-sx4yu3nw4j]

So you’re not at all concerned about supporting a business known for its sexist culture and contempt for its primary labor force (i.e. drivers)? Ok, then.

[@adrizel4141]

@@user-sx4yu3nw4j Calm down Timmy

[@urdmann4469]

@@nothayley Uber is by far the most commonly used app and drivers take more Uber rides than Lyft rides because Uber is far more consistent than Lyft. Lyft tends to be a longer wait between ride requests and has more requests that are farther away. The reason people think that most drivers drive for both is because you are seeing stickers for both on many cars. I know they were interested in the starting bonus for Lyft but ultimately they end up doing Uber more often for the consistency. This may not be the case in all markets but I believe I can say that most of the major Markets have many more Uber requests than Lyft.

[@urdmann4469]

@@user-sx4yu3nw4j That's old news. And you would be surprised how companies you rely on every day have or have had similar issues.

[@pajamapantsjack5874]

They should combine into luber

[@harrylane4]

Pretty sure I stumbled onto a website called luber during a particularly... Lonely night

[@Esp-go1el]

I think you mean *LUBE*

[@papapepperoni3916]

Harrison Lane So...every night.

[@DogWalkerBill]

How about, "Lyber"! Or "Ubft"?

[@AMileFromTheMoon]

@@harrylane4 I looked it up, it's some company that rents out lawn mowers and shit lol

[@berry186]

I'm a Uber and Lyft Driver. I love Lyft more because I feel they respect and pay us drivers more but they don't have as many customers pinging us. I still do Uber because I constantly and consistently get pings. I'm also a GrubHub Driver and Favor Runner and former DoorDash Dasher and former Postmates Driver. I just love being able to work for myself.

[@BOG0690]

I do Doordash and Skip the Dishes. I love working for myself too. Try Instacart, its been great for me so far. Business has been crazy with quarantines and lockdowns

[@Prettybaby52]

Get them coins sis 🙌🏿💕

[@RrRr-wj4xv]

isn't your car get super used up and then not paying for the job?

[@berry186]

@@RrRr-wj4xv Yeah, back when I made this comment the car I had ran great but over time it started wearing out my tires and putting too much mileage. I would suggest sticking to two companies and be mindful of the wear and tear on your car.

[@naazriin]

Damn you must be making so much money

[@johnk8475]

9 times out of 10, I choose lyft. It's usually cheaper.

[@timothymclean]

If Lyft and Uber aren't profitable, they need to find some expenses to cut. The problem is, there aren't a lot of expenses _to_ cut. The drivers aren't paid that much and there's not much overhead, and that basically just leaves marketing and other expenses that are critical to the head-butting competition between the companies. They're in a situation of MAD (Marketing-Accelerated Destruction), where the only solution requires them to cooperate in a way that countries can but companies don't seem to.

[@okok-bp9dj]

I keep hearing that they will end up with driverless vehicles, so they may become profitable. We'll see.

[@timothymclean]

​@@okok-bp9dj If they do better than Uber's attempt mentioned in the video... Which shouldn't be hard, in theory; self-driving cars have made it across the country before with just a human supervisor. But they need to get the legal stuff sorted out and not cheap out on the AI or whatever happened.

[@timothymclean]

@Brian Cliffdogg Devil's in the details, but yeah, that's one of the obstacles. Competition is important for the economy as a whole, but leads to this sort of MAD situation.

[@Robbsta77]

Timothy McLean I feel like there opportunities to grow would be in Uber Eats. I work in Chicago and it proves to be a somewhat popular service that keeps getting edged by mainly grub hub and other services like post mates. Maybe expand themselves to where groceries are being delivered?

[@davidmhh9977]

@@okok-bp9dj Driverless cars are a long way from being cheaper than human drivers, especially since their drivers barely make minimum wage.

[@nancyok]

I always go with lyft cause every driver I've spoken to that works for both prefers to work through lyft

[@MrRapmaster19]

100% agreed. Only use Lyft now because the drivers are a lot friendlier and the prices, at least in NYC, are much lower.

[@Ray__E]

Same here

[@TeamproXYZ]

I drive for both and I prefer driving for uber, in my market uber pays on average about 50 cents to a $1 more for similar rides. I also receive a lot more tips on uber then I do on lyft, and the customers tend to be nicer, but everyone’s experience is different.

[@drfreud65]

Agreed. Drivers tell me Lyft is much more ethical.

[@mikemarks6136]

@@TeamproXYZ I also drive both and I also prefer uber to lyft simply because the passengers I get on lyft feel entitled and are usually really snobby

[@SolracCAP]

Drove for both. Uber was busier but Lyft was a better experience. Neither pays much unfortunately

[@pokepress]

SolracCAP I generally try to tip a bit extra to compensate, especially in markets with a high cost of living.

[@sdmitch16]

I wonder if Uber was busier because Uber used to secretly find out who drove for Lyft and offer them higher rates.

[@lVlegabyte]

KZbin just recently reached the break even point. But they are THE place to upload and view videos while providing revenue to creators. The idea that Uber and Lyft is chasing is to be the KZbin of transportation. Which is why they heavily invested in electric scooters as well. They want you to think and use them when the idea of transportation pops into your head.

[@BroadswordMedia]

Then you drove in the wrong areas. You've also drove at the wrong time. Never drive Uber or Lyft on a Tuesday and you should probably avoid Wednesday as well. Even when I was in San Francisco I wasn't actually getting any passengers when I was Uber driving on a Tuesday. I am not kidding. Get a regular day job during the week and stick to Uber and Lyft driving or doordash or GrubHub or whatever on the weekend. Trust me. Since unfortunately being fired from Graton Casino for an incredibly stupid reason, I have found that if I keep working Lyft and doordash on the weekend that I can make a huge amount of money in just three days. By that I mean Friday to Sunday. My weekend is Tuesday and Wednesday because there's not enough demand in those days at all.

[@michaelgonzalez3208]

SolracCAP my friend was an Uber driver, he got paid $38 for a ride & Uber charged the customer $180+

[@lukeofnewyork]

I prefer Lyft. They're cheaper, and from what I understand treat their drivers better. There have also been privacy concerns with Uber, but Lyft very well may have the same issues without getting a lot of heat (idk).

[@STUMP_]

Should do Intel vs AMD. The battle is pretty intense especially since AMD is having a huge launch in a month or two.

[@ps3master72]

Yes, also Nvidia

[@chewycenter7690]

Agreed. He should do those two.

[@nolanneals2568]

Yeah

[@runnethdown]

Was it worth the wait?

[@TheLoughDuck55]

Im from Ireland and I have never heard of Lyft before and we only have Uber in one city. We have a different service called Hailo that kind of has a monopoly on the Irish market

[@IAMEMPIRE-rc2to]

Lyft is only based in the U.S.

[@TheLoughDuck55]

I AM EMPIRE 10123 Yeah I know, but i still have never heard of them

[@broadcastdave]

@@IAMEMPIRE-rc2to Lyft is also in Toronto

[@IAMEMPIRE-rc2to]

@@broadcastdave yeah, but there only in us and Canada, not as wide spread as uber

[@dashtesla]

Nowhere in europe I can attest to that, so what's the point of Lyft it's ONLY US/CA it's nowhere near as widespread, I've used uber on lots of eu countries and even south america so yea

[@AleCatGarage]

I predict they will merge at some point. Kind of like Sirius and XM Radio. Which btw, would make a great video topic. 👍🏼

[@adam12o8]

Well I see a merger but not in the way your thinking. I could see Amazon buying uber due to three reasons. Fist not in ride sharing but in fright and technology they are a competitor in Amazons space. Second Amazon has a history of flooding a market at low cost at a loss supported by its other holdings that are profitable. Lastly they have the experience to consolidate costs to shrink the losses imagine if you had an uber using Amazon customer service and you stepped into the space with the infrastructure and branding already there and just had to trim the fat.

[@Chen-mk4nn]

@Christian DeWolf yes i reckon the supreme court would not approve of the merger

[@cocotaveras8975]

Alex Carulo He should maybe one about that possibility.

[@bodyloverz30]

@Christian DeWolf But not in the transportation sector, as you have cabs, shuttles, ZipCar, Car Rentals, Buses, Rail, etc. Broadly, they are just a percentage of the overall sector, so no real US anti-trust issues.

[@PH96Official]

Gawd now you mention it I feel old remembering that these companies where once competing companies.

[@deeblack9393]

My wife and I almost exclusively use Lyft partly due to price but also they treat their drivers better.

[@gmc9753]

I used to drive for Lyft, but I dropped them for a month, and only drove for Uber when they sent me 11 miles to a pickup for a 1 mile ride. They paid me the minimum amount, which was $2.25. At least Uber adds something to the amount for long pickups. After that I rejected any Lyft requests that were more than 4 miles away.

[@promontorium]

That's a myth that has greatly helped Lyft. I drove for both and preferred Lyft, for 2 1/2 years, but not because of the company's actions. Neither really treats their drivers like anything. They definitely don't listen to their drivers. I had numerous ideas to fix issues, they didn't care about the issues or solutions. I drove in S.F. mostly. Their employees viewed us as strangers. Not welcome in their main office. Not welcome at their parties. No path for drivers to become employees.

[@jackli8088]

u do know most drivers are working for both companies right?

[@KingdaToro]

They don't. That's a common misconception. Lyft requires newer cars and requires drivers to maintain higher ratings. Lyft constantly nags drivers about their ratings and the driver app shames them for declining trips. Lyft's app requires more interaction, you have to press to confirm you've arrived while Uber does that automatically. Lyft adds additional trips automatically while you're on trip, while Uber will give you a ping that you can accept or decline as normal. Lyft doesn't do long pickup fees, so you're never paid for the time and distance it takes to get to a passenger. Uber pays you the full rate if it takes at least 11 minutes to get there. If you get into an accident during a trip or on the way to a pickup, you pay a $2500 deductible on Lyft's insurance versus $1000 on Uber's. Uber's app offers lots more cancellation reasons in the app, such as no car seat or unaccompanied minors, while with Lyft you can only choose "Other reason" then contact them to tell them why. Lyft actively works to block apps like Mystro that automate running Uber and Lyft at the same time, while Uber doesn't care about them. Really the only things Lyft does better are that it shows you the passenger's picture and almost always shows you their live location. Uber doesn't do passenger pictures, and only shows live location if the passenger enabled it in their app.

[@urdmann4469]

@@KingdaToro well said!

[@JEST3R_]

Do a video on Walmart. Especially about it's current downfall following the death of Sam Walton

[@ithoughtuwereamerican8707]

the problem with these cheap companies is that they're both owned by horrible families and people. its hard to move away because of accessibility and cheapness

[@15evoxtinct79]

I personally go with who’s charging cheaper for the same type of car

[@VenomousX]

Exactly...but I actually like Lyft because they tend to have nicer cars....

[@iamagi]

Wasn't Uber's entire business plan hope that self driving cars would come within a decade from their start?

[@jesussencion4964]

If the cars drive themselves why do I need an uber

[@scikick]

​@Nobody Knows 1. They just need to prove that it works. When they do that, I'm sure they'll be able to raise any amount of money they need to purchase the cars. 2. It has to happen eventually. There's no way around it.

[@MikeDindu]

@Nobody Knows The tech that's required for a driverless car is way more complicated, I would bet, than car today. So maintenance would be very expensive. I think you're right, it isn't clear that autonomous cars are the answer.

[@vwspeedracer]

@Nobody Knows meanwhile Tesla literally has self driving cars.

[@frankySR21]

Nobody Knows Well, there’s actually quite a few different ways they could cut down on expenses in that score. They could theoretically reach lease agreements with manufacturers to rent out a fleet of self driving cars. Or, conversely, they could entice driverless car owners to rent out their own vehicles to Uber for a set fee while they’re not in use. Honestly, I’m sure quite a few people would like their car to autonomously generate a few bucks while they aren’t using it. Of course, there’s lots wrong with these ideas and there might be better ones, but it’s just two different ways Uber could capitalize on this tech.

[@LloydBlack-In-Hell]

I used to use Uber but had to switch to Lyft when Uber refused to let me use a card I was using. They tend to discriminate against certain cards. Lyft was flexible and accepted anything I wanted to use. Anyway, another great video from Company Man. This is one of my favorite channels.

[@OdysseyTag]

Nice vid! Could you do more comparison videos like this on the world's largest rivalries or duopolies: Pepsi vs Coca Cola Boeing vs Airbus Ferrari vs Lamborghini DC vs Marvel Xbox vs PlayStation Apple vs Google Nike vs Adidas BMW vs Mercedes Benz Gucci vs Louis Vuitton Netflix vs Hulu Facebook vs Twitter Walmart vs Target McDonald's vs Burger King Visa vs MasterCard Rolls Royce vs Bentley Electronic Arts vs Activision Blizzard Pizza Hut vs Domino's etc.

[@merling6480]

OdysseyTag Ferrari vs Lamborghini needs to happen, Xbox vs PlayStation also sounds like a good video.

[@regiets1]

At least half of those brands have parent companies, really muddying the waters when it comes to cash flow (depending on how they choose to categorize their income); but yeah, a rivalry series would be great!

[@CoasterGaming]

Chevrolet vs Ford

[@pokepress]

There’s a great little podcast called “Business Wars” that does that but in multipart audio series, by the way.

[@jamesfarrell8339]

All great ideas. Great comment 👍

[@TechDeals]

I don't take either... I suppose I might if I were traveling to another city, but generally you can find a taxi or a black car anywhere you're likely to go and don't know anyone.

[@DavidPerez-cf8ju]

Same

[@igkoigko9950]

Opposite. Never met a taxi driver in the US that I liked. Never meant an Uber driver I did not like. Totally different culture, even if the same person is driving that person is civilized when driving for Uber

[@taekalibub]

Throughout my experience with ridesharing, I've used both services. I was happy with Uber being available to me when I traveled outside of the US. I'd say I've had the most pleasant experiences with Lyft, though. Lyft drivers tended to be more friendly, doing their best to ensure their passengers have a pleasant experience. The drivers who alternate between the two tended to favor accepting the Lyft assignments because the pay for them seemed better. I'm rooting for Lyft!

[@calebevans732]

Suggestion for a future video: The Rise and Fall of NASCAR

[@alezandra97]

Caleb Evans yes

[@eric_andr]

Caleb Evans make sure he sees this

[@buranflakes]

EmpLemon has a great video on Dale Earnhardt that touches on this

[@KaitouKaiju]

Go sub to Donut Media

[@calebevans732]

@@buranflakes I saw it and loved it, Emp can make a great video on just about anything.

[@ryanmckenzie7149]

Seems like lyft will deliver profit first. Focus on a core consumer is the best way to build a company.

[@ForeverFashionGirl21]

yep. being focused is better. Also having a good reputation and good product. just look at in n out or chick-fil-a

[@TheDavidLiou]

It really depends. Uber has experience in multiple battles across the globe. It usually ends with M&A of some sort, because there's really no room for 2 giants in the market with this kind of business model. They are basically burning cash to maintain their market share - whichever side that can't take the heat will be out of the market very soon. Uber themselves took a few hits in Asian markets by exiting the market by "selling their company's asset and drivers to their competitor and taking a share in their competitor's company. And then the company that survived will slowly, but surely, scale back on their promotions.

[@JamilLeslie]

Lyft all day! They rule in the Inland Empire right now.

[@cocotaveras8975]

thestaceofspade That's why many consumer based industries and corporations do so well.

[@cocotaveras8975]

B real So profound and so true 👍 :)

[@kiwiking111]

I've heard Lyft has more stringent background checks in most states and in my experience their drivers are more professional. I definitely tend to lean towards lift.

[@Hawkx10]

Unlike Uber which was background check and drive Lyft actually had me meet with a mentor who walked me through the process (though I already knew it from Uber) took a great picture of my car and was all around much more pleasant to talk too. Also, Uber deactivates accounts if ratings are low and I believe deletes or deactivates your account if you go 2 weeks without accepting a ride

[@mikemarks6136]

@@Hawkx10 the deactivation thing about not accepting rides is bullshit I've went months without accepting a single ride

[@NudlArm]

I usually will use Lyft, since it is almost nearly always cheaper. The drivers are also friendlier and drive much safer. Uber is like the downtown area of a city that has seen some things, while Lyft is the revitalized part of the city that now has a dog park. However, they're both in the same city which is always in debt. There's an analogy for you

[@ACoolKidsProduction]

In my experience, Uber is the drivers that just causally picked them out of name recognition, and Lyft is the more serious, dedicated ones. The signup standards at the top of the comments reflect that as well. Once had an Uber driver text while driving and then not understand what I was upset about. Lyft is usually worth the extra wait time.

[@srm6631]

Omg I literally got an Uber ad while loading this video

[@dynastus]

Uber: How to be excited about earning below minimum wage.😅

[@electric_sway]

MLM’s have them beat. MLM‘s get people so excited that they don’t realize they are paying their MLM to work for them.

[@frumbolo]

They can't pay their drivers that much more, since they're already not profitable and they're losing money.

[@DogWalkerBill]

The joys of being an independent contractor!

[@frumbolo]

@Jingfu Zhou and in NYC minimum wage is around 15 dollars an hour, right? Double minimum wage sounds pretty good just for driving people around

[@tommycscat]

Below minimum wage... Far below minimum wage. For every retired grandparent who loves to give a few Uber/Lyft rides to have something to do, there's countless poor people destroying their vehicle for pennies. Gas and oil changes are the least of a driver's worries. It's the everything else. The constant replacement of brakes and tires, constant suspension damage, and the miles, Miles, MILES! Easily, a car can go from "lightly used" to a flat out beater with 150,000 miles in 2 years. Also, the "other" repairs, the washes, details, deep vomit cleanings, the money lost from not being able to drive when said car is broken or smells like vomit waiting for a detail appointment. Obviously no paid time off, no sick pay, NO HEALTH INSURANCE, and outrageous insurance rates with brutal deductibles. All this and the drivers fear having a customer in a bad mood complaining/reporting, customers that scam the companies and drivers for free rides. It's a living hell for most drivers and they have to sa ay everything is great since they don't know that ratings dont really matter any more.

[@Kenxclout]

Mom:Are you seeing someone? Me: *remembers my uber driver who made sure I made it in safely-Well there is this one girl...

[@vasiliymedvedev1532]

?

[@BewareTheLilyOfTheValley]

Alright, Swoozie, lol! Next thing, you'll be the one posting videos about "I took my Uber driver on a date", haha!

[@vwspeedracer]

@@BewareTheLilyOfTheValley literally the true story plot of The Big Sick

[@DaDualityofMan]

Just realized, I never seen a female Uber/Lyft/ or taxi driver.

[@BewareTheLilyOfTheValley]

@@DaDualityofMan My first Uber driver was female, a girl doing it for money between her college classes (most of the schools in my area let you condense your classes to either Mondsy and Wednesday or Tuesday and Thursday unless you're trying to knock a degree out quicker). And I've had female cab drivers. Not sure if it's my area or something though.

[@PongoXBongo]

Aggressive growth with no hope of turning a profit anytime soon in a bid to dominate the market? Sounds like they're following the Amazon model.

[@baronvonlimbourgh1716]

Or facebook.

[@sdmitch16]

@@baronvonlimbourgh1716 Facebook has been profitable for ages. They also didn't try to dominate the market. Public social media accounts are just a natural monopoly.

[@anasevi9456]

speaking of Amazon, they sure did face-plant with their Australian launch. Though it was due more to anti-american bogans in Canberra and bawwing of local electronic businesses, angry that another vasty superior foreign company was going to disrupt their ability to price gouge.

[@miguelzavaleta1911]

Well, they're technically both tried and true industries, right? (Cabs and retail). I can see why investors could be interested and apprehensive at the same time. It's only a matter of time before Amazon decides to start jacking up prices. Even then, it will likely take a long time before any competitor gets a foothold on the market. My guess is ride sharing is here to stay.

[@august4633]

Except Amazon is/has been building an extremely strong moat around their businesses. If Amazon cut back on some of their investments and increased their fees a bit they could easily 3x their profits. And Amazon (most likely) wouldn’t have to be afraid of losing market share. The same can’t be said about Uber and Lyft. There isn’t much keeping a company like Waymo from competing with Uber and Lyft once self-driving cars become the norm. Especially not if margins are high. The Amazon model really only works for businesses with huge network effects and/or economies of scale.

[@TexasKing100]

they should just stop paying so much for ads, everyone already knows about them

[@remsrhythm9408]

TexasKing100 that’s true

[@liljeep3631]

at least in the US

[@marcusinfinity9386]

They should have billboards

[@maxroman2010]

yea.. once the ads stop, it is very likely that people will stop knowing about them. *facepalm* look at history and other companies.

[@noiz1762]

its not about getting to more customers. everyone knows what mcdonalds is, they make ads to get you to choose them over the others

[@neilolson3220]

Driver’s that drive both are ‘Lubers’

[@thugshaker4]

Copied comment

[@nab-rk4ob]

I prefer Lyft for the sake of the drivers but it is easier to get Lyft drivers quickly. Uber has more features as well. I hope they stay around because I couldn't function without them.

[@requiem4391]

You’re one of my favorite commentary KZbinrs. I’ve learned a lot watching your vids. Keep up the great work and research!

[@dodge1515]

Rise and Fall of the Chrysler Corporation. Do it!

[@eddiem461]

Just do it.

[@andrewdeorio1545]

Definitely do this one

[@frysco5927]

Yes!!! Chrysler used to be so good!

[@TiberianFiend]

That would me more like "The Rise and Fall and Rise Again of Chrysler, and Fall Again, and Rise Again, and Fall Again... "

[@24echavez]

That good topic to talk about. I read that Renault want to buy Chrysler. Renault own 43% of Nissan Motor. Also Renault partner with Mercedes and Mitsubishi Motor

[@markzanetti6228]

Bravo to all of you for this thoughtful and intelligent discourse. Made me forget this was occuring on the Internet for a second there.

[@SharlenesJourney]

I prefer lyft , I wasn’t able to use Uber anymore because of my phone number issue , I love lyft it’s so much nicer and easier! But I like Uber eats 😂 lyft needs one of those

[@mindseyemusicreview]

Dude i look forward to your videos every wednesday. Turned my grandma, dad, and aunt onto your channel as well. Appreciate it man

[@companyman114]

Really appreciate it Dustin. Hope everyone likes them.

[@Camboninja94]

I love your videos dude. I'm always patiently awaiting the next one. Out of the at least 40-50 or so channels I'm subscribed to this is one of the few that makes me a little excited when I see a new upload.

[@austinbathija]

You should sub to exurb1a he is pretty cool

[@Camboninja94]

@@austinbathija noted. Thanks!

[@companyman114]

Really appreciate it.

[@baronvonlimbourgh1716]

He always gives me a happy feeling somehow. He is a good story teller.

[@pennyjpie]

For me, Lyft is usually cheaper but the driver is required to have conversations, which depends on the day for me. Uber's driver doesn't talk, typically. Also I usually use UberXL for times with luggage or a bigger group of passengers than usual. It depends, I'd say I'm like 60% Lyft, 40% Uber.

[@CoreDreamStudios]

I never had a issue w/ Uber drivers in my area, all are 4.8 stars and above and talk well.

[@ronnie8478]

I'm a Lyft driver. I just talk as much as my passenger talks; that seems to work well as I have a 4.94 rating.

[@xxXthekevXxx]

Is it not a myth that they make them talk? That seems a little too obnoxious. I personally would like to not talk at all because that’s just my personality type; I keep to myself.

[@pennyjpie]

@@xxXthekevXxx I'm pretty sure they do, and regardless Lyft drivers always make conversion with me, even if they're really awkward at it and it's clearly forced. And I'm the same, I kinda like to keep to myself, but somedays I'm fine with talking. It depends. Uber drivers almost never initiate conversations tho. But also that's personal experience it might be different with someone else. I most have experience with LA lyft/uber so that might be a factor too.

[@pennyjpie]

@@ronnie8478 That's good, I think reading the room is very important

[@WraithTDK]

This is such a fascinating channel. Congrats to figuring out a content focus that isn't already over-saturated.

[@290ct29]

I love working for lyft, it is much more fun than my normal job. Driving and talking to people are 2 of my favorite things to do and lyft provided that for me. And all the incentives lyft provides are better than anything uber offered.

[@JPG_LARGE]

in russian, the character "y" makes an "oo" sound, so i can't help but read lyft as looft

[@LunaTulpa]

cyka

[@NilesTheRobot]

Congrats you made me laugh XD

[@JohnDoeRando]

So uber would be spelled yber?

[@silvercruiser]

I'd like to see a Rise of Rakuten. I've been seeing their name just about everywhere lately

[@MarketWizard546]

Me too

[@jacobbyers7914]

Tohoku Rakuten Golden Eagles...

[@MarkWTK]

in Malaysia, they ventured into online share trading, which i am currently using :)

[@AKUNJIG]

On Barcelona Jersey's

[@gamer744100]

They own Ebates

[@twigunderscore]

Thank you Company Man, very cool!

[@TheLonelySoulja]

I’m a super part time Lyft driver and I usually watch all ur videos, but I originally was gonna skip this 1 because I’m too close 2 the subject, but now am glad I watched another great episode. Also the strike that’s happening next week

[@lancej1109]

It's always a treat when we get a surprise video from you, Mike!

[@AverytheCubanAmerican]

I like Uber but sometimes the drivers are sketchy. I was in one recently where her car was covered in crayon drawings that her kids drew. On top of that, the car was really smelly, especially the seats (which were tearing apart)

[@artistwithouttalent]

I think the problem is that we're in a gig bubble. For any outsiders, the "Gig economy" is the name used by economists to describe the glut of streaming and sharing services that exist. Every company is coming out with one and they're all mutually exclusive and according to speculators on Wall Street, they're all billion-dollar ideas. I fear that at some point in the near future, it will burst. Maybe some of the big names survive, maybe we see some mergers (Netflix-Hulu anybody?) but at some point I feel it has to contract.

[@baronvonlimbourgh1716]

Dot com 2.0

[@user-pc7ef5sb6x]

I really hope it burst already.

[@federico339]

I know it's a really controversial topic, but I'm curious, can you talk about Boeing? as an avgeek I know the technical nerdy stuff about the crashes, I've red the Ethiopian Report ecc... But I cannot figure how bad are they affected in the stock market. Only things I know is media shouting how bad and awful their situation is. Can you shed a bit more light into this? Really love your channel, have a nice day

[@jamesfarrell8339]

Best idea I certainly hope that he sees this and does a video. Great idea 👍

[@federico339]

@@jamesfarrell8339 thanks

[@Rubacund]

Boeing is fine, it has exclusive military contracts.

[@federico339]

@@Rubacund But it's still a very important company in the civil aviation market. They quietly released some weeks ago the 777X and they are still working on the NMA (797)

[@cannottrust3710]

I use them both. I choose the one thats not surging or with a faster pickup time, have to find a middle ground

[@cocotaveras8975]

Cannot Trust Tbh prefer Lyft

[@CassandraBankson]

🚕 *I only use Lyft, because I don’t believe in Ubers company choices. The only exception is international travel when a local service such as a halo or Ola is not available.*

[@certifiedgoat7067]

why the bold text

[@tiffanysmith0607]

Lyft for service and quality. Uber for price

[@trustmebronocap]

In my area. Lyft is cheaper too lmao

[@SteveSpikes]

As someone who uses a wheelchair, I would be using Uber, mainly for their UberWAV. But since that has yet to expand countrywide, I'll find other ways to get to the places I need to, or want to go to. From what I've heard, drivers are hesitant to drive something other than their "personal" car for Uber. That needs to change so that people with disabilities can have some semblance of independence that they deserve.

[@Nick_nm]

What makes you think you're entitled to that? I'm sorry for your disability and feel for you, but just because you have one does not mean companies have to cater to you necessarily.

[@SteveSpikes]

I'm entitled to anything an abled bodied person under the Americans With Disabilities Act of 1990. Under the Act, I, as well as those who have physical disabilities, and use a wheelchair as I do are, yes, entitled to the same freedoms anyone gets anyway, free from discrimination. Some people who use a wheelchairs to get around cannot easily transfer to a regular car. So, they cannot take a taxi. So they would require public, or private transportation that is equipped to suit their needs to get to where they need to, or wish to go. If you are referring to public para-transport options, like an municipal Open Door bus service, they can be somewhat unreliable. Unless there is oversight to ensure timely pick ups of clients.

[@CafPhine]

They both just pimp the drivers out.

[@FazeParticles]

don't be mad that they're the whore lol.

[@roncur]

facts

[@sirmario4796]

Another great video man, been subscribed for a year now. Every new video just keeps on getting better!

[@JulioLopez-xz5kx]

The pink Lyft moustache was the total gamechanger back then.

[@connorkatz8325]

You literally make the best and most entertaining content on youtube

[@baronvonlimbourgh1716]

Agreed.

[@AnalyticalMenace]

Debatable. But informative, none the less.

[@jamesfarrell8339]

Two thumbs up He is the best ❤️ He certainly has come a long way.

[@guitarboyjeff]

That is why Uber just recently raised their prices and people were not happy. I work in the hotel business and the majority of the people use Uber and are seeing the price increase. 🤷🏻‍♂️

[@phenomenalonegaming4843]

u copied it

[@cbdsw]

The Equalizer drives for Lyft!

[@cocotaveras8975]

cbdsw xD free publicity

[@oscarbadillo3844]

Next video: Wiping back to front vs Wiping front to back

[@sega32xxx14]

Too bad that it's not rational to even consider that a choice.

[@twee881]

Best to do both for maximum coverage

[@ichibanmanekineko]

Great video! To continue the theme, please can you do a video on the electronic scooter share companies like Lime? It would be super interesting to hear about how they got started and how this explosion across major cities happened?

[@AllieRX]

Uber has Uber Eats. Imagine if Lyft had something similar. Lyft Eats?

[@safir2241]

I don’t know why people don’t just cook something instead of ordering processed, packaged trash

[@fr3shSwag]

@@safir2241 Don't get mad at people that do

[@natkoori123]

Food Lyft?

[@safir2241]

Ken C I get mad because it has like a pound of plastic

[@jamesanderson6373]

@@safir2241 I'm going to order 20 lbs of plastic right now!

[@eddiem461]

I tend to use Uber, just because their app is faster at providing info and they have more drivers near me usally.

[@Dampydan]

There is a great episode of the "How I built this" podcast where the founder of Lyft goes in depth of how it all started.

[@ProjectThemePark]

As a driver and user I always use Lyft. They have a friendlier business model I never get bad rides with bad or angry drivers. And as a driver always felt like I was taking care of and treated well

[@michaelrigoletti2410]

I currently drive for Uber, and have driven for Lyft before. One of the main reasons I switched is mostly out of personal preference. Lyft markets itself to drivers almost like you are joining a family-like select circle of valued drivers. When my car broke down in a bad neighborhood, I called for my own tow truck, but I called my "Lyft family" to have ask someone to come out to watch my car while I go use the bathroom (after waiting 3 hours), and all Lyft would do is read off the terms and conditions in a lawyer-esque manner, specifically how they are not responsible for anything that happens to me or my vehicle. So much for "family". At least Uber is honest, and makes you understand that you are simply just a driver, which has a certain value, but also is just as expendable as someone else is more than willing to take your place. It's true for both of them, but at least Uber essentially keeps it professional without the sugar coating.

[@TheCrazierz]

You expected some random Lyft driver to go watch your car....through lyft? Bro if you want the family experience, there are unofficial Lyft groups you could have joined through many different forums, where they meet up occassionally and do things. And if you asked there, someone probably could have helped you out....

[@meganmularz4939]

I like lyft better because, like you said, they present themselves with a cleaner image.

[@kimchikoalaa714]

In Singapore, nothing frustrate us than Grab giving us insane search prices but GoJek isn’t able to keep up to peak hour demands

[@vcwsh8803]

Kimchi Koalaa Grab is growing large in ASEAN

[@ModernChris]

Uber eats vs Postmates like do he sees this 🤪🤪

[@johnv5592]

This channel is such a good one he deserves more subscribers !!

[@sarahajike]

In the UK, it’s Uber Vs Black Cabs (and of some extent local cab companies), Uber Vs Addison Lee, and now we have Via Van adding to the competition.

[@Thatbasedcat]

“lEt Me kNoW IN thE ComMeNtS.” I’ve been using both these services for the past four or so years, they’ve probably prevented many DUIs throughout college. Sounds like they they need to innovate, but Lyft could have the advantage do to their more acute focus of services, Uber Eats is a flop for both the driver and consumer.

[@konstantinIII]

$20 big mac

[@Justin-Hill-1987]

Suggestion for a future video: ALDI vs. LIDL

[@MarkWTK]

personally, I think uber has expanded too fast. they faced competition in every country/region. in my country Malaysia, they reluctantly merged with a local ride hailing app called Grab, which is very prominent in South East Asia. The issue is that Grab has a near monopoly in Malaysia and the discounts which was once very frequent, has slowly dried up and the prices for a ride has increased :'(

[@patw.6567]

Thanks for covering this after the Lyft IPO

[@HeapsGoodProductions]

Great video as always! I use Uber in Australia, but have used Lyft in the US and wish we had it here.

[@companyman114]

Maybe one day.

[@TheMr77469]

How long before Amazon swoops in an buys outright either Uber or Lyft, or both?

[@dwtn81]

How about a story on Frank’s Red Hot Sauce?

[@Rxnextgenradio]

I put that shit on everything

[@djolds1]

Sounds like they're both trying to replay the Amazon zero profits and universal monopoly experience.

[@csanton3946]

ahhh no, Uber is zero profits and huge losses while amazon is breakeven, Amazon is investing while uber is subsidizing, there is a difference between a business that makes money and reinvests and a business which pays customer (subsidized rates) just to be in business

[@arrowlogproductions2509]

You should do a video comparing UberEats, Postmates, Grubhub, and Doordash

[@DrPlatypus1]

Your videos are spectacular my dude.

[@fredricchilds638]

Can you do a video on blue buffalo dog food? Love the vids!

[@neanam]

I feed my dog blue... I know this guy who fed his dogs ol'roy....70lbs bag for $8.00 😑

[@SantosChronicles]

I heard that Uber CEO said they have to use self driving cars to make a profit. I use Uber for the connivence.

[@allencarlson6128]

At the start of the cOVID-19 lock-down, for the first time as a driver I stopped taking passengers in favor of Uber Eats. I have experienced those incentive discounts they give restaurants as a driver. In order to make that work, they make huge cuts to what the driver makes, while they themselves walk away making the same amount from the Uber Eats pick-up/delivery. Of course, as a driver, you have absolutely no control over it. At the beginning of the Covid-19 lock-down, I was making a flat $4.00 typically per delivery. Yes, $4.00!!!! I was lucky that I was in a city where tippers were/are generous. Uber has since dropped the promotions to draw people in (mine was an emerging market for them), and accordingly the amount I get from it has increased, but I still make close to half from the generosity of tippers. The bottom line is that you cannot make a good living from it without tips. Uber pays peanuts and depends on tippers to make up the rest. Not every city has generous tippers like I experience where I live now. I used to drive (passengers) in Atlanta. Atlanta is a horribly low-tipping market. I believe that had I tried to make as much from Uber Eats there, I would have had to work 7 days a week as opposed to the three days a week I work here.

[@JAY-hi9kv]

I always love some Companyman

[@scragglewaggle4109]

I didn't click for a day or two thinking this was a advertisement or something until I saw your name

[@SuperXero00]

Lyft IPO was a huge fail. Down about a third since day 1. Feel sorry for the first investors.

[@BobbiPhantom]

Can we have a 10 hour version of your intro?

[@Joshua_Lawrence]

Lyft has a WAY better origin story.

[@Andrew_Kono]

👏🏼Yuupp, and they have a better company name in general too. Like WTHeck is an Uber? Back in the day, the common man would say : Hey, do you need a lift, or hey, lemme give you a lift, hop in. So that in it of itself makes more sense to me. It just sounds natural.

[@torch5817]

Got a Lyft ad while watching. Guess I'll go with Lyft then!!!

[@grannybird7365]

When I retired in 2012, I needed to cut expenses. Crunched the numbers and my 20 yr old, paid for, 50 mpg Geo was costing me $1500 a yr, not counting repairs. I now get around by walking, bus, and Lyft. The drivers are friendly, they help me with my groceries, and I’ve never had to wait more than eight minutes for a ride.

[@LoganReviewsMovies]

Do Cheez Itz it’s actually interesting for real

[@OhighOSkater]

2:32 what kind of lunatic puts their money in their wallet upside down??

[@cruiseaddictiontv6435]

I was thinking he was taking their money out of the wallet sideways

[@sadamiamani]

*there's a difference?*

[@DCMarvelMultiverse]

Isn't it odd they have a lot of expenses when they manufacture nothing, really? Just merge like Sirius and XM Radio.

[@cassostrophic7380]

You think the app is free ? Do you realize the technology and server and network required to have a system like uber ? Wake up

[@youonlyliveonce12ish]

Yes that is how service industries work...also radio is not a service industry...and has nothing in common with uber or lyft

[@Commander_Bowling]

Does the driver or Uber and Lyft pay for the gasoline? That would be one major expense that cuts into the sales.

[@Elc22]

Wait... Are you saying that anything that isn't manufacturing should have no expenses? Either you are a child, or you are stuck in an outdated industrial era mindset.

[@nateb9768]

Used to hate Uber eats and Door Dash when I worked in the food industry 😂

[@usecriticalthinking243]

Why though

[@nateb9768]

@@usecriticalthinking243 just always thought some of them could take a few of your fries or sip of your drink. Pretty gross...

[@usecriticalthinking243]

@@nateb9768 woah good to know, someone told me they steal food lol

[@ShinigamiSparda]

I’m in an E-Marketing class, and my final paper is comparing these two companies. Thank you so much for a head start.