The fundamental problem with Silicon Valley’s favorite growth strategy
O'Reilly Media - Ideas
MARCH 21, 2019
Would each company be spending 55% of net revenue on driver incentives, passenger discounts, sales, and marketing to acquire passengers and drivers faster than the other? This created a de-facto duopoly long before either company had proven that it has a sustainable business model. But Lyft’s gains appear to be sustainable.
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