"Guest is God"
The Gist
Peach Fish Productions
4.5 • 3.7K Ratings
🗓️ 30 March 2019
⏱️ 32 minutes
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| 0:00.0 | This podcast may contain explicit language and feel free to use explicit language |
| 0:03.8 | when you review the gist on iTunes. |
| 0:06.2 | It helps other people find the show. |
| 0:11.8 | It's Friday, March 29th, 2019 from Slate. |
| 0:14.5 | It's the gist I'm Mike Pesca. |
| 0:16.4 | The ride sharing app Lift had a stock market public offering today. |
| 0:21.4 | It was so successful that I proposed we just start calling it Lift |
| 0:26.0 | and not the whole the ride sharing app Lift. |
| 0:29.5 | The internet search engine Google, the discourse de-generator and civilization |
| 0:33.7 | destabilizer Facebook. I mean, do we really need all the qualifiers? |
| 0:37.5 | We use these things every day. We know what they are. |
| 0:40.9 | Do we call McDonald's the hamburger purveyor or IBM, the business machine, |
| 0:45.5 | manufacturer? Lift is just lift. We all know what lift is. |
| 0:49.9 | And what lift is is less shitty Uber. |
| 0:52.9 | That is indeed why lift was priced at $72 and immediately popped |
| 0:58.0 | in the first moments of trading. The biggest issue is valuation. |
| 1:00.7 | Is it how much it's worth? People have been wrong about these companies from day one. |
| 1:05.9 | Lift's market cap is now worth about $25 billion and why? |
| 1:09.6 | Well, I said it. It's because it's less shitty Uber. |
| 1:12.6 | Not less shitty in terms of performance. As far as products go, |
| 1:16.1 | I literally can't see a difference between those two things. |
| 1:19.0 | And most of my lift drivers are also Uber drivers. |
... |
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