LYFT
is in a tough spot. Frankly, we don't love this one because both it and UBER are SV VC plays built solely on a thesis of private sector autonomous vehicles in coming years. That's the payoff. But there are plenty of signals that suggest that thesis could die of either public-sector rules or a longer timeframe.
But expect it to be "in play" tomorrow after better than expected Q2 results. Everyone knew demand would be awful. $32.50 means $40.
But expect it to be "in play" tomorrow after better than expected Q2 results. Everyone knew demand would be awful. $32.50 means $40.