Fbc Asia In Hongkong Says They Are Behind Uber All The Way

FBC Asia Limited Hong Kong In the race for Ride Hailing IPO's.
By: FBC Asia Limited HK
SHEUNG WAN, Hong Kong - Feb. 21, 2019 - PRLog -- As ride-hailing competitors Uber and Lyft race toward their IPO's Lyft isn't holding back about the competition.

While Uber's aggressive, growth before profits tactics have been widely chronicled in the press over the years, Lyft has basked in the public perception that it is friendlier alternative.

"We're in a time where it's more interesting to hear about people that are maybe jerks, to say it mildly. But I would argue ... treating people well is the right thing to do, and, it's also good for business.

The term "jerks" echoes language used by Uber board member Arianna Huffington in her critique of Uber's toxic culture, circa early 2017. Huffington declared there would be no jerks at Uber following former engineer's very public allegations of systemic harassment and sexism at the company.

Brian Wu of FBC Asia said, "These allegations resulted in a company-wide investigation into its culture, which led to people leaving including cofounder and CEO Travis Kalanick". Kalanick was replaced with Dara Khosrowshahi in August 2017.

Speaking about Uber under Khosrowshahi, Wu said: "At least they've polished the image. I don't know how deep it goes. I don't think it's fair for me to comment."

Lyft, of course, has had its own struggles, including with the safety of drivers and passengers.

In January, a Lyft driver who was pregnant was fatally stabbed by a passenger who then stole her car. The company has "taken multiple steps from the beginning on protecting both sides: drivers and passengers."

Wu of FBC said," Lyft may beat Uber to the IPO punch but Uber still has and will benefit more from their Hugh market share and worldwide reach.

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