Lyft (LYFT) posted mixed second quarter results, despite it being its first profitable quarter in the company's history. Lyft CEO David Risher joins Market...
) posted mixed second quarter results, despite it being its first profitable quarter in the company's history. Lyft CEO David Risher joins Market Domination to discuss the overall state of the consumer and the ride-share company's outlook.
You guys, you mentioned, you saw active riders at a record um, 16% jump in rides to and from restaurants, bars and entertainment venues, anything that indicates to you that the consumer is weakening, more price sensitive and kind of hit to demand anywhere.I mean, we look at our data, you know, and just stare at it so closely and try to find, you know, read those same tea tea leaves.It's frustrating because everyone wants to say like, what does this really mean?Yeah, not in a significant way.
Interesting, you know, another mega trend we talk a lot about on the show, Dave is A I Yeah, and I'm just curious how is Lyft leveraging benefiting from that technology?And I mean, of course, a lot of it is behind the scenes stuff you don't see around pricing and you know, how do you get the right car at the right place?
That's a, a physical car driving it around, which is, which is A I power and you talked about autonomous vehicles on as well a little bit and that you guys are, are be seeing autonomous vehicles through your platform and particularly in the Southwest.
So a lot of conversations are going on between us and, and various different partners, all the people that you would expect.Of course, as we all know, we're talking about very, very small number of actual vehicles, but everyone we talked to is super excited about a hybrid model between some cars driving themselves and frankly, a lot of cars being driven by drivers for a long time to come.
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