Sneaky! Uber will play catch up for the first time.
I believe several image conscious companies have made Lyft-only policies. Maybe they still have momentum from Uber's issues?
Which is ridiculous now since we’re now the woke option and have been for all of 2018. We’ve done way more for wheelchair accessibility. 10x better than Lyft. 55% success rate for Uber vs 5% for Lyft: http://www.nylpi.org/wp-content/uploads/2018/05/Left-Behind-Report.pdf Since that report was published we’ve done a ton more for wheelchair accessibility. We were the first to remove binding arbitration for sexual harassment in the workplace. We’re leading the way in terms of helping categorize sexual misconduct and assault not only for our industry but for all industries. These companies with these Lyft only policies need to get the memo that Uber is now also the market leader in wokeness now with Dara in charge.
Totally makes up for trying to hide that my account info was hacked and stolen from your servers. Company must be trustworthy now. Many woke. So leaders. Wow
Congrats Lyft folks!
They may end up withdrawing or go ahead with whatever price they can get to catch the other side of a possible crash. It's better than uncertainty - but can't time the market.
Can anybody educate me why does the timing matter? Like why does it seem like whoever IPOs first wins?
Terrible timing based on market conditions. They’re either testing the market hoping they (early stage VCs) can cash out or need funding to continue growing (tapped out other sources).
Probably the latter as investors are holding cash in a safer place as interest rates go upz
More complicated than that - there are also tons of employees who want liquidity for their RSUs, looming specter of RSU expirations, and the fear that if they miss the IPO window now a real recession will kick in and close it for 2 years. Late stage investors are more likely to be antsy for liquidity than early stage folks right now. But yeah, other sources are likely getting squeamish about valuations in this space and wany public market validation too.
Cashing out and soaking up investor dollars in the segment before Uber can.....smart
Once public they’re open to public scrutiny (see Tesla) and that’s not what you want going into a recession. Not smart.
Only if you are long....most will be happy to sell it all. Next tech bubble is another 15 years away.
Go out before Uber to test market. If going well that’s good news. If not going well, at least they will drag Uber down along with it. I don’t see a problem here.
congrats lyft friends!