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> At this point I don't know if even a new CEO could save this company. Honestly I am more concerned about saving the world from this company, because it still

by evv 10y ago

> At this point I don't know if even a new CEO could save this company. Honestly I am more concerned about saving the world from this company, because it still looks like they are going to win. Have you seen any signs that Lyft can compete in the worldwide market?

ProAm 10y ago
They are in deeper trouble than that. If they cannot resolve the Waymo lawsuit in an economical fashion they will just wither and die, Lyft or not.
- sqeaky 10y ago
  They are valued at 70 Billion, how does that just wither and die? One lawsuit can be dragged out a long time and their lawyers will do their best to reduce and fees no matter how wrong Uber actually is (or isn't I don't know). Consider the size of Uber now and compare that to the size of Microsoft 15 years in the DOJ antitrust trial. They are about the same size, that gives them lots of options.
  - ProAm 10y ago
    Valued at means nothing really, it speaks to investment and while its not worth nothing they are currently burning about 3/4 billion per quarter [1], and have no profitable quarters anywhere on the horizon. They have always been betting their future on autonomous cars and the Waymo lawsuit stands a good chance to set them back a decade and they do not have the current capital to withstand that. MS was already public when they had the antitrust lawsuit and was making money. To try and compare MS and Uber is not close to the same thing. [1] https://www.bloomberg.com/news/articles/2016-12-20/uber-s-loss-exceeds-800-million-in-third-quarter-on-1-7-billion-in-net-revenue https://www.bloomberg.com/news/articles/2016-12-20/uber-s-lo...
    - sqeaky 10y ago
      $3 billion per year isn't that much at that scale, it would still take them many years to burn through their estimated cash reserves. That is if they did nothing and earned no money, but they earn something. They would have time to come up with a plan even if it were a backup backup plan that involved shedding a large fraction of the company. If anything being public hinders options. Being private they can do a huge number of things public companies cannot, first and foremost is an IPO.
      - jtmcmc 10y ago
        they don't have 70 billion in cash. They have raised 8.8 billion so far and have spent a fair chunk of that as is.
        sqeaky 10y ago
        I never claimed they had 70 billion cash, just that they had large cash reserves. 8.8 is enough for two and half years if they don't earn a cent.
- valuearb 10y ago
  They have raised $15B+ and spent what, less than $5B? They have lots of runway left.
  - ProAm 10y ago
    They are currently burning between 2-3B a year, that's not a lot of runway, especially with the Waymo lawsuit poised to set them back a decade.

by evv 10y ago

ProAm 10y ago

They are in deeper trouble than that. If they cannot resolve the Waymo lawsuit in an economical fashion they will just wither and die, Lyft or not.

sqeaky 10y ago
They are valued at 70 Billion, how does that just wither and die? One lawsuit can be dragged out a long time and their lawyers will do their best to reduce and fees no matter how wrong Uber actually is (or isn't I don't know). Consider the size of Uber now and compare that to the size of Microsoft 15 years in the DOJ antitrust trial. They are about the same size, that gives them lots of options.
- ProAm 10y ago
  Valued at means nothing really, it speaks to investment and while its not worth nothing they are currently burning about 3/4 billion per quarter [1], and have no profitable quarters anywhere on the horizon. They have always been betting their future on autonomous cars and the Waymo lawsuit stands a good chance to set them back a decade and they do not have the current capital to withstand that. MS was already public when they had the antitrust lawsuit and was making money. To try and compare MS and Uber is not close to the same thing. [1] https://www.bloomberg.com/news/articles/2016-12-20/uber-s-loss-exceeds-800-million-in-third-quarter-on-1-7-billion-in-net-revenue https://www.bloomberg.com/news/articles/2016-12-20/uber-s-lo...
  - sqeaky 10y ago
    $3 billion per year isn't that much at that scale, it would still take them many years to burn through their estimated cash reserves. That is if they did nothing and earned no money, but they earn something. They would have time to come up with a plan even if it were a backup backup plan that involved shedding a large fraction of the company. If anything being public hinders options. Being private they can do a huge number of things public companies cannot, first and foremost is an IPO.
    - jtmcmc 10y ago
      they don't have 70 billion in cash. They have raised 8.8 billion so far and have spent a fair chunk of that as is.
      - sqeaky 10y ago
        I never claimed they had 70 billion cash, just that they had large cash reserves. 8.8 is enough for two and half years if they don't earn a cent.
valuearb 10y ago
They have raised $15B+ and spent what, less than $5B? They have lots of runway left.
- ProAm 10y ago
  They are currently burning between 2-3B a year, that's not a lot of runway, especially with the Waymo lawsuit poised to set them back a decade.