Home > technology, travel > Only ~5% use Uber / Lyft

Only ~5% use Uber / Lyft

A couple of interesting tidbits from a couple of articles on Uber (one from an article on Uber’s troubles in the Economist this week; the other from the Information)

  • Apparently, only ~6% of American mobile phone users use Uber (or Lyft) once or more a month. I could have sworn it would be much higher. No wonder Uber’s valuation is sky high.
  • Despite it’s high valuation (~$70B), it hasn’t had a CFO in 2 years
  • A growing percentage of Uber employees don’t see themsevles there in 2 years
  • At least 6 key execs and senior employees have left in the last few months including several of the tech leaders in mapping, AI
  • Uber’s share in the US market has fallen from 80% to 74% (with most of that going to Lyft)

Worth a quick read.

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