Lyft is going to meet with investors - this data could raise red flags
Lyft executives will be in Las Vegas this week for the Deutsche Bank 2019 Technology Conference, where tech companies will look to wow investors and analysts alike with their latest plans for profitability.
Based on some of Lyft's data, its investors may have some questions for John Zimmer, the company's co-founder and president, when he speaks Tuesday September 10. They also can tune in online, if they don't want to fly out to Vegas.
Lyft has been cutting job postings since its less-than-spectacular IPO debut - no different from Uber, which has also had rough go of it on public markets. In fact, some of the hottest sharing startups have disappointed investors in a big way. But still, it's telling to see listings fall at a startup that gained valuation and market share at such a fast pace. Investors may want to know..
Is there still a growth story at Lyft? How will be grow?
Lyft's Google ($NASDAQ:GOOG) Play App Store Ratings Count is up, and it's been growing - it should close in on the 200,000 mark somewhere before the end of the year... which, is where Uber ($NYSE:UBER)'s count was, for the same metric... in late 2015. So..
Can Lyft make up the space between its market share, and Uber's?
Our last one is a big one - both Uber and Lyft paced along pretty well, pre-IPO, in terms of their Google Play App Store Rating. But, in the last few weeks, it looks like it has begun to fall - for both companies.
What is the company doing to keep users satisfied?
The answers to some of these questions may shed light on the company's planning, strategy and investments - or, it could signal a lack thereof.
About the Data:
Thinknum tracks companies using information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales.