Apple and Lyft Report Mixed Results
Bloomberg Businessweek
00:00
Uber and Lyft: A Duopoly?
Lyft needs to act fast in terms of driving that frequency because Uber really is taking share and they are taking share without spending on incentives. Mandip Singh: Lyft's problem is their balance sheet. They'll run out of cash if they keep burning $200, $300 million a quarter. But I would argue they will be more valued as logistics companies going forward than tech companies.
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