Leonard Steinberg, a longstanding New York City luxury property broker, claims that the existence of Uber and Lyft has blunted the premium that buyers were willing to pay to live in neighborhoods with good transit links, because they can afford rideshare cars and use the commute time to work, meaning that commutes are less of a factor in calculating the quality of life (because your day starts when you get into the car, not when you get to your desk).
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Shakespeare wrote that "All the world's a stage." But for Oakland, California-based Ashel Eldridge, he's made his car his stage. Dubbed "The Lyft Rapper," he invites his passengers to choose a topic and style of song and he'll make up a song about it on the spot.
KQED Arts writes:
Elridge, who also goes by the emcee name Seasunz, says his mission is to elevate the consciousness of his community by helping people understand the forces that may be manipulating them.
His passengers say they’re startled at first when their Lyft driver begins rapping to them. But after the song, they admit the Lyft Rapper has turned a typically mundane trip into an unforgettable experience.
Here's his most recent video:
Yes, he has his passengers sign releases. And no, I don't believe he's sponsored in any way by Lyft. Read the rest
On FT's Alphaville, Izabella Kaminska takes note of the excellent, deep series on Uber's Ponzi-economics that Hubert Horan published last year on Naked Capitalism and calls out some juicy highlights. Read the rest
Libretaxi is an open source project that lets anyone become a rideshare driver in less than a minute; it has more than 20,000 users worldwide, and is maintained by Roman Pushkin, who started the project in December 2016 and is now planning to quit his job and work on it full time. Read the rest
What's a driver to do to kill time between rideshare gigs? For Noah Forman, the answer was trying to set a record for most consecutive green lights. He hits about 240 green lights in a row in this video.
This seems much safer and more fun than the knucklehead who set the fastest lap around Manhattan, an honor that landed him in jail:
• Noah hits 240 green lights. (Vimeo / Shawn Swetsky) Read the rest
Isis Shiffer just won a Dyson design award for the EcoHelmet, an ingenious paper helmet that folds down to the size of a banana but offers significant noggin protection. Read the rest
Juno is a "driver-friendly" rideshare service that competes with Uber by paying its drivers more and giving drivers the ability to pick up a fare, get them to install the Juno app, and give them a discount. Read the rest
People's Ride is a co-op ride-hailing company in Grand Rapids, Michigan: drivers own the service in common and collectively decide how to spend its profits (for example, on deploying an app to go with its website); for-profit competitors like Uber take 30% commissions from their drivers and deliver them to investors, while People's Ride spends all the revenue paying drivers and improving the service. Read the rest
Uber and Lyft are only economically viable because they offload their cost of capital -- the investment and depreciation on cars and the cost of keeping a driver fed and healthy -- onto the drivers, who are only willing to accept such a bad deal because the labor market sucks. Read the rest