Pretty Soon You’ll Be Able to Own a Little Bit of Uber and Lyft
The ride-hailing industry is witnessing a lot of changes lately. Moving from car services to cycles, to pressing autonomous cars into service, etc., this industry is seeing a lot of things happening rapidly. Now, two giants, Uber and Lyft have decided to go public. Both companies have already filed the necessary S-1 paperwork with the U.S. Securities and Exchange Commission, confirming their intent to go public on the New York Stock Exchange.
In the Not-So-Distant Future, Tesla Might Take on Uber and Lyft
Despite all the controversy, things seem to be going well for Tesla. A couple of days back, CEO Elon Musk announced that Tesla has achieved a $312 million profit in the third quarter of 2018 - only the third time it has achieved a quarterly profit in its history of 15 years. However, this was not the only announcement made in the meeting. Musk spoke about Tesla Network – an upcoming self-driving ride-hailing service that could pose a serious threat to Uber and Lyft.
You Can Now Buy Snacks During Your Uber or Lyft Ride
A new startup is bringing somewhat unconventional vending services into the hands of Lyft and Uber drivers, allowing them to offer up thinks like snacks, pain relievers, and even phone chargers to their riders. The startup is known as Cargo and has a nifty little setup that includes a display case for the vehicle and inventory, as well as a web portal where customers pay for their purchase. Apparently, drivers get to sign up for free, and it appears as if the stock is given out on consignment and is even automatically tracked and delivered as needed, based on the driver’s sales. And, this isn’t some tiny little startup either, as the company has reportedly received as much as $1.75 million in seed funding and is already operating in New York City, Boston, and Chicago.
Of course, the company is still in the embryonic stages of deployment but claims to have received requests from drivers in 49 states. And, that’s really not surprising, considering that drivers are reportedly making $100 – $150 extra a month just from vending sales alone. The system operates rather simply for something that could be complicated. Customers simply insert a basic URL into their phone, plug in the number of the vending machine in their ride, and choose what they want to buy, be it an iPhone charger or a pack of spearmint gum. Payment is made electronically, and once completed, an alert is sent to the driver who then hands over you’re your goodies for the trip home. So how much do drivers get paid? Keep reading to find out.