The business fundamentals of Uber and Lyft revolve around their availability, speed, and price. They operate on a ride-sharing model where drivers use their own cars to provide transportation services to passengers. They use dynamic pricing models, where prices increase during peak hours or in high-demand areas. They also invest heavily in technology for efficient route planning, driver-passenger matching, and customer service. Both companies are also exploring additional revenue streams like food delivery and freight services.
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Use our Timeline Template Collection to visualize and track business processes. Timelines keep projects on track, provide context, and set expectation...
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Below, we use timelines from this collection to compare Uber versus Lyft across their availability, speed, price, and business fundamentals and explain the most important metric to assess a ride-share company. After that, we'll share how you can use the same tools for your business. Download our fully customizable Collection for dozens more visualizations to save time and hours of work. If you want to scroll straight to the presentation explainer, do so now.
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