Lyft was the one to fight the battle of having 'ridesharing' become a thing. Uber didn't mind if the decision went one way or another as they already had a lockdown on the "professional driver market".
>> Instead of buying 19-month-old scooter company for $2B, it is spending money on its core value proposition.
Lyft aquired a scooter company Motivate, and announced the plans in June about their bike and scooter strat.
>>At some point, investors might not hand over Uber any more cash.
Lyft has raised 4.9B. It's the unicorns of Unicorns with a burn rate to match.
I agree with the OP, am pessemistic of an IPO, and would say it has the possibility of failure. I don't think that will happen, but an IPO flop of this scale would have major repercussion on the funding market in general. Again with the Hauwei arrest today, and the stock market in a major flux as tensions rise with China it has added risk.
A small point, but Lyft acquired Motivate for $250m, which is a lot less than $2bn. Plus, Motivate has profitable bikeshare programs in various cities across North America, and have done for many years. They're not a flashmob, fly by night scooter rental company.
Lyft was the one to fight the battle of having 'ridesharing' become a thing. Uber didn't mind if the decision went one way or another as they already had a lockdown on the "professional driver market".
>> Instead of buying 19-month-old scooter company for $2B, it is spending money on its core value proposition.
Lyft aquired a scooter company Motivate, and announced the plans in June about their bike and scooter strat.
>>At some point, investors might not hand over Uber any more cash.
Lyft has raised 4.9B. It's the unicorns of Unicorns with a burn rate to match.
I agree with the OP, am pessemistic of an IPO, and would say it has the possibility of failure. I don't think that will happen, but an IPO flop of this scale would have major repercussion on the funding market in general. Again with the Hauwei arrest today, and the stock market in a major flux as tensions rise with China it has added risk.