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The ride-sharing hype train ran out of investors. I struggle to think of a company who would want to buy Lyft. The most interesting one which comes to mind is D
by jondubois 10y ago
The ride-sharing hype train ran out of investors. I struggle to think of a company who would want to buy Lyft. The most interesting one which comes to mind is Didi Chuxing.
Though given how much money they wasted competing with Uber in China and then buying Uber out of China; I don't think Didi has much cash left (or interest) to buy Lyft in order to compete with Uber on US soil - They probably just want to bury the hatchet with Uber and each plow their own fields.
I don't think Uber would buy Lyft for several reasons:
- Uber started cutting back on spending - Probably not the best time for acquisitions.
- Such an acquisition could raise antitrust issues.
- Uber knows that there aren't many potential buyers for Lyft - Uber may be tempted to just wait it out and let Lyft go out of business - Then Uber can pick up most of Lyft's old customers for free.
I would not want to be a Lyft employee right now; especially not the kind who has stock options.