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	<title>halo cars &#8211; EFR Technology Group</title>
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	<title>halo cars &#8211; EFR Technology Group</title>
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		<title>Lyft buys a startup that runs ads on top of ridesharing cars</title>
		<link>https://www.efrtechgroup.com/tech/lyft-buys-a-startup-that-runs-ads-on-top-of-ridesharing-cars/</link>
		
		<dc:creator><![CDATA[Randall]]></dc:creator>
		<pubDate>Sun, 23 Feb 2020 23:06:00 +0000</pubDate>
				<category><![CDATA[acquisition]]></category>
		<category><![CDATA[ads]]></category>
		<category><![CDATA[Advertising]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[gear]]></category>
		<category><![CDATA[halo cars]]></category>
		<category><![CDATA[Internet]]></category>
		<category><![CDATA[Lyft]]></category>
		<category><![CDATA[ridesharing]]></category>
		<category><![CDATA[services]]></category>
		<category><![CDATA[Tech]]></category>
		<category><![CDATA[Transportation]]></category>
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					<description><![CDATA[[ad_1] Halo has a fairly simple business model: full-time, highly rated drivers who signed up (applications are closed due to high demand) got up to $400 per month for agreeing to carry a connected, video-capable ad installation on their cars while they worked. Effectively, the promos are smart outdoor ads on wheels &#8212; advertisers know [&#8230;]]]></description>
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<p>Halo has a fairly simple business model: full-time, highly rated drivers who signed up (applications are closed due to high demand) got up to $400 per month for agreeing to carry a connected, video-capable ad installation on their cars while they worked.  Effectively, the promos are smart outdoor ads on wheels &#8212; advertisers know where their ads are being shown and how many pedestrians are likely to have seen them.  Marketers can even ask to shut off ads when a driver is near certain areas, so an ad for a family movie won&#8217;t run while the driver is passing by an adult store.</p>
<p>This doesn&#8217;t guarantee that your future Lyft rides will have ads on top.  Such a move wouldn&#8217;t be surprising, though.  While Lyft is trimming its losses, it still <a href="https://investor.lyft.com/news-releases/news-release-details/lyft-announces-record-fourth-quarter-and-fiscal-year-results">bled</a> $651.8 million in its fiscal 2019.  Car-top ads could subsidize rides and help the company turn a profit.  The real question may be whether or not workers would see the benefit.  Drivers for services like Lyft and Uber have long <a href="https://www.engadget.com/2019-05-08-uber-and-lyft-drivers-go-on-strike.html">complained about low pay</a>.   Halo&#8217;s ads could help drivers make more money without fare hikes, but it&#8217;s also possible that Lyft could simply pocket the ad money.</p>
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<p>[ad_2]<br />
<br /><a href="https://www.engadget.com/2020/02/23/lyft-buys-car-top-ad-startup-halo-cars/">Source link </a></p>
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