Carl Icahn gives his rationale: https://www.theguardian.com/technology/2015/may/15/billionaire-carl-icahn-invests-100m-lyft-a-no-brainer https://www.theguardian

Carl Icahn gives his rationale: https://www.theguardian.com/technology/2015/may/15/billionaire-carl-icahn-invests-100m-lyft-a-no-brainer https://www.theguardian.com/technology/2015/may/15/billionai... Basically if you believe that ride hailing apps will succeed as a sector and that there is room for two companies in the long-term, then Lyft gives you a much better "value" investment in terms of the ratio of the company's valuation to the number of customers or dollars of revenue.