Ride sharing stocks saw a jump in value when the co-founders of Lyft told the Wall Street Journal that they expect the company to become profitable as soon as 2021. Alex and Nick discuss ride sharing platforms profitability and assess Uber’s current 20% take rate.
This is an excerpt from episode 39 of Winner Take All. Watch the full episode here: youtu.be/Gwnxc0HOojY
Lyft stock jumps after co-founders tell WSJ they see profitability a year earlier than expected: www.cnbc.com/2019/10/22/lyft-stock-jumps-after-report-it-sees-profitability-year-earlier-than-expected.html
Uber’s CEO Khosrowshahi vows to tackle Q2 losses, with help from India: www.business-standard.com/article/international/uber-s-ceo-khosrowshahi-vows-to-tackle-q2-losses-with-help-from-india-119102600042_1.html
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