Category: Transportation
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Ride-Hailing’s “iPod moment”
As I write this sentence, Lyft’s stock is worth $56.02 per share, which means that the stock has lost 41% of its value since its March 29th debut on the Nasdaq. Likewise, Uber will make its Initial Public Offering in the coming weeks, and it can expect a similarly bumpy ride as its filing has shown,…
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Nonprofits are the real threat to Uber and Lyft
There is little that is technologically defensible about Uber or Lyft. Both companies combine a handful of off-the-rack features: a smart phone app, map, GPS, credit card, and a rider/driver-matching algorithm. It would not, therefore, be difficult to clone a ride-hailing competitor. For years, I’ve maintained that Uber the verb (“let’s uber there later”) will be…
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Can self-driving cars save local businesses?
In the Center’s Future of Transportation project, we’ve seen that the impending arrival of self-driving cars has implications far beyond getting people out from behind the wheel. For example, we asked our respondents if they’d be interested in special kinds of self-driving cars that featured on-the-go services like a meeting room for productivity, a living…