CG: Unicorns, Giants, and the Rideshare Industry
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 7 June 2016
⏱️ 31 minutes
🧾️ Download transcript
Summary
With massive, multi-billion dollar valuations, unicorn start-ups Uber and Lyft are locked in an intense, sometimes controversial, race to become the ride of choice for users all over the world. We look at the stories behind each company and how their expansion plans are pushing them into complementary industries like delivery and driverless cars, often with the help of industry incumbents.
Transcript
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| 0:00.0 | This episode of Industry Focus is brought to you by Harry's, for guys who want a great shave experience for a fraction of what you're paying now. |
| 0:08.0 | And just in time for Father's Day, you can get $5 off the limited edition Father's Day set by entering promo code fool when you check out. |
| 0:17.0 | Welcome to Industry Focus, the podcast it dives into a different sector of the stock market each day. |
| 0:22.5 | It is Tuesday, June 7th, |
| 0:23.7 | and I'm your host, Vincent Shen, |
| 0:25.0 | here to bring you the latest news and insights |
| 0:26.8 | from the consumer and retail sectors. |
| 0:28.9 | Joining me remotely from Massachusetts today |
| 0:31.2 | is our senior auto specialist in fool.com |
| 0:33.7 | contributor John Rosevere. How are you doing John? I'm doing great |
| 0:36.9 | Vincent, how are you? I'm doing well I'm really excited to have you on. We are |
| 0:40.1 | talking about some pretty interesting companies today actually you know we're kind of talking about some pretty interesting companies today. |
| 0:43.8 | Actually, you know, we're kind of talking about mythical creatures and fairy tales. |
| 0:47.6 | At least, that's the way I was inspired by some of the recent news from last week and I'm specifically talking |
| 0:55.2 | about Giants and Unicorns so before I scare you off and probably our |
| 0:58.0 | listeners as well I should clarify that I'm referring to the retail Giant |
| 1:01.5 | Walmart and the two unicorns are actually |
| 1:04.3 | hailing from Silicon Valley they're known as Uber and Lyft. So if you're wondering |
| 1:08.4 | what unicorns have to do with anything that is a loving name given to startup companies that have achieved evaluation of $1 billion or more, |
| 1:16.1 | which like the mythical horned creature is a pretty rare and coveted feat. |
| 1:19.9 | So there are some amusing offshoots to this term too that I thought I wanted to share with you because I really thought this was pretty funny. |
| 1:25.0 | For a Canadian startup that reaches the same billion dollar milestone, they're actually called NAR walls, named after the Hornales found in the Canadian Arctic and if you go even |
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