Lyft-Off To Melt-Down, Part 1

We heard some knucklehead on bubblevision this morning saying there is nothing to sweat regarding Lyft’s $24 billion valuation because, well, it’s “only 10X trailing”. Needless to say, he wasn’t referring to earnings. Actually, he was referring to the product of the $3.1 billion of VC cash that Lyft consumed on drivers, insurance, marketing, employees, overhead etc. during 2018. The […]
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