Fri. 03/01 - Lyft Files For Its IPO

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.7 • 1K Ratings

🗓️ 1 March 2019

⏱️ 20 minutes

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Summary

Lyft officially files for its IPO and do the numbers reveal concern for Uber, New York wants Jeff Bezos to reconsider, Tesla slashes prices, physical sales trump downloads when it comes to music, and the weekend longreads suggestions. Sponsors: Tiny.website DatadogHQ.com/ridehome Links: Lyft's financials show a $911 million loss ahead of its IPO (CNBC) Amazon stops selling Dash buttons, goofy forerunners of the connected home (CNET) U.S. Music Industry Posts Third Straight Year of Double-Digit Growth as Streaming Soars 30% (Variety) Andrew Cuomo Speaks With Jeff Bezos, Hints of ‘Other Ways’ to Clear Path for Amazon’s Return (NYTimes) The $35,000 Tesla Model 3 has arrived—but it comes with a price (TechCrunch) Weekend Longreads Suggestions: Do You Trust Your VPN? Are You Sure? (Slate) Is Cloudflare a privacy champion or hate speech enabler? Depends who you ask (Fast Company) The Car That Killed Glamour (The Atlantic) How Disney Built Star Wars, in real life (TechCrunch) THE TRAUMA FLOOR (The Verge) Outgrowing Advertising: Multimodal Business Models as a Product Strategy (A16Z/Connie Chan) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Tech Meme Ride Home for Friday, March 1st, 2019. I'm Brian McCullough.
0:08.8	Today, lift officially files for its IPO and do the numbers reveal concern for Uber.
0:15.1	New York wants Jeff Bezos to reconsider Tesla slashes prices, physical sales Trump
0:21.2	downloads when it comes to music and the weekend long read suggestions.
0:24.8	Here's what you miss today in the world of tech.
0:30.4	Let the parade of big tech IPOs begin.
0:33.0	LIFT officially filed its S1 this morning and that means we finally get to look under the hood,
0:40.0	as it were of Lift as a business quoting from
0:43.2	C. M. C. Lift released its long-awaited IPO prospectus Friday
0:46.5	revealing that the Uber Arch rival lost 911 million dollars on 2.1
0:52.2	billion in revenue last year.
0:54.2	The number two ridehailing company, however, expects sales to grow faster than losses, and
0:59.0	it posted a growing share of the market.
1:01.5	Here's how the company said it did in 2018. Net loss, 911
1:06.1	million dollars, an increase of 32% from 2017. Revenue, 2.2 billion dollars,
1:11.4	double the revenue at Saul in 2017.
1:14.3	Bookings, $8.1 billion, an increase of 76% from 2017.
1:19.3	Lyft didn't specify the amount it hopes to raise in the public offering, instead opting for a placeholder amount of $100 million.
1:27.0	Reuters reported earlier that Lyft expects to be valued between $20 billion and $ billion dollars in its IPO.
1:34.8	Uber, which has been releasing unaudited financials for several quarters, was said to seek valuation
1:41.0	as high as 120 billion for its upcoming IPO."
1:45.0	Some super interesting observations in no particular order.
	...

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