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They would need to hedge their exposure because they're generally not looking to make money off of something like this based on the direction. If they're comple
by stygiansonic 7y ago
They would need to hedge their exposure because they're generally not looking to make money off of something like this based on the direction. If they're completely unhedged, and LYFT tanks, that would be a huge loss for them.
From what I understand they make their money off of a deal like this by either taking a cut or fees.