🚘 Uber vs. Lyft

Good morning, Nerders. It’s Thursday, July 25th. In today’s newsletter, we cover:

• Uber is doubling down on shared rides while Lyft eliminates them

• Robot deployments for human-facing roles

• Why gold prices are at record highs

TODAY’S STORY

Uber and Lyft’s business models used to center on splitting rides with people to save money when traveling from point A to point B.

But shared rides were suspended during the pandemic.

Uber relaunched shared rides, called UberX Share, last summer in nine major cities and is now doubling down by expanding to five new cities. Ride-sharing customers can save up to 20% and will add no more than 8 minutes to their ride.

The timing is interesting: Uber is doubling down on shared rides right as Lyft announced they would eliminate shared rides to simplify complexity, and new data from corporate earnings reports indicate consumers are starting to push back on high prices.

UberX Share is one pillar of Uber’s strategy to improve its unit economics, and given the timing of the changes to Lyft’s offering and consumers’ behavior, it could get a boost.

DATA BYTES

• The increase in collaborative robots highlights the growing emphasis on deploying robots for human-facing roles

• China is the leading installer of industrial robots by a wide margin

OUR PICKS

Here are today’s recs to help you live a smarter life…

1. Take your lawn care to the next level :)

This bundle includes the cordless lawn mower, (2) 4.0Ah ARC Lithium batteries, a 550W charger, and a cordless leaf blower. $249 off for a limited time.*

2. Stock up on summer snacks!

Try the never-fried popcorn snack.

3. Don’t let sweat ruin your workout.

Wear this sports headband when you exercise to keep hair and sweat out of your eyes.

#SHORTS

Why gold prices are at record highs

@boringbusinesskieran

Why gold prices are at record highs 📈 Make sure to follow me to keep up with the latest business stories and trends ~ #gold #goldprice #b... See more

Watch on: TikTok, YouTube, Instagram

PREVIOUS STORIES

• ⚡ Electricity Prices — Prepare to pay more for less-reliable electricity…

• Top Startup Accelerators 2024 — Based on insights from conversations with my network, find out whether Y Combinator, Sequoia Arc, and other startup accelerators are worth it.

• Inside HF0 with Parker Edwards — An interview with Parker Edwards, the Co-Founder & CEO of Proxy, regarding his HF0 residency.

• Find a Startup to Work For — Search our startup database with over 1,500 startups.

• Airbnb’s Olympic Strategy — How Airbnb is using Olympic demand to draw in new hosts.

To read the web version of previous stories, click here

If you have any comments or feedback, just respond to this email.

Thanks for reading,
Kieran & Justin Ryan