Bloomberg Technology

Lyft President on Omicron Slump, Fallout Into 2022

Lyft President John Zimmer joins Emily Chang after the company reported fewer riders than analysts expected in the fourth quarter as Omicron damped travel. He also shares what he is thinking about driver supply and demand for the next quarter, and what Lyft can do to maintain its core business.

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Lyft President John Zimmer joins Emily Chang after the company reported fewer riders than analysts expected in the fourth quarter as Omicron damped travel. He also shares what he is thinking about driver supply and demand for the next quarter, and what Lyft can do to maintain its core business.

4 Comments

  1. M St

    February 10, 2022 at 12:06 am

    Bullshit. Drivers make 0.90 per mile. Slave labor.

    • Rideshare Otter

      February 10, 2022 at 12:39 am

      .77 a mile in my market

  2. Rideshare Otter

    February 10, 2022 at 12:41 am

    what he is NOT telling you is that 80% of drivers ONLY last 3 months before they realize that the numbers they claim are NOT in all markets.

    AND!!! the “flexible hours” argument is complete bull … you need to drive when there is demand or you starve!!

  3. Roma

    February 10, 2022 at 1:28 am

    This business is not profitable

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