by the venture twins:
- Lyft’s take rate (net revenue/bookings) of 25%+ is surprisingly high.
- A “mission-driven brand” is portrayed as the way to beat Uber.
- Huge insurance and incentive costs hit margins.
- Lyft has invested heavily in AV — and is closer behind Uber than they may seem
- Bike and scooter revenue is “not material” now — but likely will be soon.