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Just a brief scan and it looks much healthier and diversified than Lyft. Of course far from a perfect business or anything. Their revenue is 5X Lyft's revenue.

Just a brief scan and it looks much healthier and diversified than Lyft. Of course far from a perfect business or anything. Their revenue is 5X Lyft's revenue. Doesn't look good for Lyft's stock to be honest. I wouldn't be surprised if after their first earnings release, Lyft stock goes below 40 USD.

throwaway5752 8y ago
They did really well with the CEO they recruited. From the outside, it seemed like he did a really exceptional job profitably growing Expedia.
- PMan74 8y ago
  > it seemed like he did a really exceptional job profitably growing Expedia. Expedia comes a distant second Booking Holdings. https://finance.yahoo.com/quotes/EXPE,BKNG/view/v1 https://finance.yahoo.com/quotes/EXPE,BKNG/view/v1 So while he may have done well, he didn't do as well as the competition.
- prewett 8y ago
  When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact. --- Warren Buffett Expedia makes money from advertising (12%), from bookings fees, and from buying blocks of hotel rooms at a discount then selling them for higher prices to their customers (66%). [1] All of these revenue models are something that is pretty obvious how you make money at. And all of them are very different than crowd-sourcing rides for which it is not clear that the market prices is higher than the cost of providing the ride. [1] https://www.fool.com/investing/2017/08/28/how-expedia-makes-most-of-its-money.aspx https://www.fool.com/investing/2017/08/28/how-expedia-makes-...
  - Skunkleton 8y ago
    To further your second point. A whole cottage industry has sprung up around AirBnB. To me this indicates that the business model for AirBnB is working. There is no similar thing happening w/ uber. Seems to just be a question of who (uber or the drivers) is going to absorb the losses.
- vxNsr 8y ago
  Most importantly he hasn't had a single negative mention since he took over. the company had a couple bad things disclosed that were holdovers from the old regime, but none of it was his as far as we know. he also hasn't had any seriously positive news, but for uber no news is good news.
- huac 8y ago
  but did he grow Expedia's marketshare relative to its competitors?
mckenna 8y ago
Really? The numbers look horrible to me. Both LYFT/UBER have horrible numbers. I would prefer LYFT(@80% discount to IPO price) than UBER(@80% discount to IPO price). Both of these stock valuations are being pumped and dumped onto public markets with clever tricks. Funny thing is, many of us won't even realize that some of our money will be invested in these stocks without our knowledge(ETFs/Funds tracking indices). Most 401ks market tracking Funds/ETFs will pick up these horrible stocks in time. Tech wizards of silicon valley have managed to one-up wall street this time, by creating a 100B taxi app. With the 10B they raise from IPO, they will try more desperate measures to try and close the gap in price($100B-$120B) and value($25B-$35B).
- JMTQp8lwXL 8y ago
  Depending on the voting structure of shares, many funds will pass over a company. SNAP, for example, is only in 20-some ETFs: https://www.etfchannel.com/finder/?a=etfsholding&symbol=SNAP https://www.etfchannel.com/finder/?a=etfsholding&symbol=SNAP Most people investing in Mutual Funds and ETFs aren't getting exposure to SNAP. That may be the case with LYFT and Uber as well.
  - leoromanovsky 8y ago
    It's the case of SNAP and LYFT because they have ownership structures which don't allow mutual funds to invest in them. Uber has a normal structure; any fund that mirrors the market will purchase the stock. https://www.recode.net/2019/4/11/18302102/ipo-voting-multi-dual-stock-lyft-pinterest https://www.recode.net/2019/4/11/18302102/ipo-voting-multi-d...
    - JMTQp8lwXL 8y ago
      > Back in 2017, the private ride-hailing company got rid of its dual-class voting structure that had enabled its previous CEO, Travis Kalanick, to make a lot of bad decisions. What an interesting takeaway. Certainly bodes well for the average Uber investor, but really it only happened because of Travis.
  - 8y ago
sytelus 8y ago
Just looked at it... wow LYFT is losing ~1% value each day adjusting for S&P variations.

throwaway5752 8y ago

They did really well with the CEO they recruited. From the outside, it seemed like he did a really exceptional job profitably growing Expedia.

PMan74 8y ago
> it seemed like he did a really exceptional job profitably growing Expedia. Expedia comes a distant second Booking Holdings. https://finance.yahoo.com/quotes/EXPE,BKNG/view/v1 https://finance.yahoo.com/quotes/EXPE,BKNG/view/v1 So while he may have done well, he didn't do as well as the competition.
prewett 8y ago
When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact. --- Warren Buffett Expedia makes money from advertising (12%), from bookings fees, and from buying blocks of hotel rooms at a discount then selling them for higher prices to their customers (66%). [1] All of these revenue models are something that is pretty obvious how you make money at. And all of them are very different than crowd-sourcing rides for which it is not clear that the market prices is higher than the cost of providing the ride. [1] https://www.fool.com/investing/2017/08/28/how-expedia-makes-most-of-its-money.aspx https://www.fool.com/investing/2017/08/28/how-expedia-makes-...
- Skunkleton 8y ago
  To further your second point. A whole cottage industry has sprung up around AirBnB. To me this indicates that the business model for AirBnB is working. There is no similar thing happening w/ uber. Seems to just be a question of who (uber or the drivers) is going to absorb the losses.
vxNsr 8y ago
Most importantly he hasn't had a single negative mention since he took over. the company had a couple bad things disclosed that were holdovers from the old regime, but none of it was his as far as we know. he also hasn't had any seriously positive news, but for uber no news is good news.
huac 8y ago
but did he grow Expedia's marketshare relative to its competitors?

mckenna 8y ago

Really? The numbers look horrible to me. Both LYFT/UBER have horrible numbers. I would prefer LYFT(@80% discount to IPO price) than UBER(@80% discount to IPO price). Both of these stock valuations are being pumped and dumped onto public markets with clever tricks. Funny thing is, many of us won't even realize that some of our money will be invested in these stocks without our knowledge(ETFs/Funds tracking indices). Most 401ks market tracking Funds/ETFs will pick up these horrible stocks in time. Tech wizards of silicon valley have managed to one-up wall street this time, by creating a 100B taxi app. With the 10B they raise from IPO, they will try more desperate measures to try and close the gap in price($100B-$120B) and value($25B-$35B).

JMTQp8lwXL 8y ago
Depending on the voting structure of shares, many funds will pass over a company. SNAP, for example, is only in 20-some ETFs: https://www.etfchannel.com/finder/?a=etfsholding&symbol=SNAP https://www.etfchannel.com/finder/?a=etfsholding&symbol=SNAP Most people investing in Mutual Funds and ETFs aren't getting exposure to SNAP. That may be the case with LYFT and Uber as well.
- leoromanovsky 8y ago
  It's the case of SNAP and LYFT because they have ownership structures which don't allow mutual funds to invest in them. Uber has a normal structure; any fund that mirrors the market will purchase the stock. https://www.recode.net/2019/4/11/18302102/ipo-voting-multi-dual-stock-lyft-pinterest https://www.recode.net/2019/4/11/18302102/ipo-voting-multi-d...
  - JMTQp8lwXL 8y ago
    > Back in 2017, the private ride-hailing company got rid of its dual-class voting structure that had enabled its previous CEO, Travis Kalanick, to make a lot of bad decisions. What an interesting takeaway. Certainly bodes well for the average Uber investor, but really it only happened because of Travis.
- 8y ago

sytelus 8y ago

Just looked at it... wow LYFT is losing ~1% value each day adjusting for S&P variations.