Want to set some money on fire?

Then buy Lyft stock. I ' m sorry folks, but Uber and Lyft are the most egregious scams since Bernie Madoff. Shills tout their stock by pointing to their massive revenue growth but theylose money with every transaction. The faster their revenue grows, the more money they lose and the faster they burn through their capital. Furthermore they have no discernible path to ever making a single penny in profit.They are already squeezing their drivers as hard as they can and there is not one more drop of juice to be had there. And if they raise prices to the point where they can be profitable, competitors will jump in because the barriers to entry in this business are insignificant. The only reason they don ' t have more competition now is because nobody else is stupid enough to flush money down the toilet.The taxi business was profitable because you had to buy one of a limited number of medallions. Restricting the supply kept the price of taxi service high enough to make money. That ' s why taxi medallions were worth a lot of money.Now the ride sharing companies are claiming that eventually they ' ll have self-driving cars, and then they can be profitable because they won ' t have to pay drivers any more. I don ' t actually believe that, but even if I ' m wrong, if self-driving cars ever actually work thenanybody can set up a competing businessand there will be no value in Lyft stock.Can I interest you in some tulip bulbs?

Source: Stayin' Alive - March 29, 2019 Category: American Health Source Type: blogs