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Lyft’s IPO Filing Reveals Nearly $1B in Losses
- Ozzie_osman 8y agoI really don't see how ridesharing will ever be profitable enough to justify these valuations (esp starting at these losses). Lyft had proven that they aren't going away, so unless Uber and Lyft merge (which the government shouldn't allow) there's not enough pricing control. The "we will be profitable once self-driving cars are a thing" argument? Good luck. That market will be _even_ more competitive. Waymo is going to knock all their teeth out.