3 ms·

I'm curious what do you think will happen with Lyft? It sounds like GM wanted to buy them, but they weren't interested in a $5+ billion valuation. Maybe when

I'm curious what do you think will happen with Lyft? It sounds like GM wanted to buy them, but they weren't interested in a $5+ billion valuation. Maybe when they run out of money GM will purchase them for a much lower price.

flylib 10y ago
GM will purchase them for around $1-$3 billion and drastically raise prices and fire most of the employees as their public investors will be skeptical and the stock price will take a hit, Uber will be able to raise prices enough to get better economics and atleast IPO at a haircut of their current private valuation