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Why Lyft Would Prefer You Take a Scooter

The Lyft Inc. application
The Lyft Inc. applicationPhotographer: Gabby Jones/Bloomberg

I want to talk through two facts that I found discouraging about the financial viability of Lyft Inc.

First, Lyft disclosed in its IPO document that it generates about the same average revenue for each car ride as it does from each trip on Lyft's rented bicycles and scooters. And second, Lyft's financials show that its average expense for each ride has gone up.