Bad money drives out good … states the Gresham’s law, an economic principle. The idea is that if you debased commodity money by adding impurity to the coins, the original “good” (or pure) coins will gradually disappear from circulation. Good money is one where the face value of the coin corresponds to the value of […]
Tag: Lyft
Ridesharing’s saturating usage problem!
When comparing the business drivers of both Uber and Lyft, two things stand out: Uber’s scale and its international reach (40% of revenues). Uber operates in 57 countries already. But elsewhere they look very similar. Of-course to make any comparison we have to make assumptions around a) mix of pool rides being similar (as they […]
