David Risher

speaker

307 appearances 4 recordings 1 series first heard Apr 2026 last heard 7 Aug

David Risher’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 4 in all, peaking in Aug 2026 with 1.

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Bloomberg Tech · OpenAI Weighs IPO in 2027 · 26 Jun 2026 podcast

We try not to.

Okay, so that's a great point.

So we try not to.

So when our raw material prices go up, we try desperately not to.

But here's the thing.

Our biggest cost is labor.

That is drivers.

We have to pay them well in order for them to work on our platform.

So to a certain extent, we have to pass prices along.

So here's what's interesting.

We have more drivers on the Lyft platform than we've ever had in our history.

1.5 million people drive on the Lyft platform every year.

And I think what that suggests, honestly, is a little bit what Betsy's talking about.

You have a lot of people who feel that they, even if they have a 9-to-5 job or some sort of regular job, need to have a little bit more.

They want to save up for their kids' education.

They want to save up for a trip to Hawaii, whatever it is.

And so for a lot of people, about 85% of people who drive on the Lyft platform are doing it part-time.

And a lot of them, frankly, are doing it as sort of supplemental income to get to the point where they feel like they can sort of make it to the end of the week whole, all in.

Gas prices are tricky for us.

I mean, you just mentioned this, Neil.

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