Uber vs Lyft | Evolve or Die | 6

Business Wars

Wondery

History, Business, David Brown, Management

4.6 • 13.2K Ratings

🗓️ 17 June 2020

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

New CEO Dara Khosrowshahi is cleaning house after the departure of Travis Kalanick. But after a disappointing IPO, Khosrowshahi has to boost the company’s ailing financials and fight against lawmakers who are siding with aggrieved drivers.

Then COVID-19 hits. Uber and Lyft are faced with a crisis that could alter ridesharing forever. Khosrowshahi leans into Uber Eats, while John Zimmer and Logan Green struggle to keep their dream alive.

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Transcript

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0:00.0	Hey, prime members, you can listen to business wars at free on Amazon Music.
0:04.6	Download the app today.
0:07.0	Join us.
0:12.0	Join us.
0:13.0	United.
0:14.0	We'll never be defeated.
0:16.0	Over, over.
0:17.0	You're a one-trigger guy.
0:20.0	May 8th, 2019.
0:21.0	Long Island City.
0:23.0	A group of Uber drivers gather on the sidewalk outside Uber's New York headquarters in
0:27.0	Queens.
0:28.0	They're yelling into bull horns and holding signs that say, invest in our lives not in their
0:32.6	stocks, and Uber Namix equals poverty for us and billions for them.
0:38.2	In just two days, Uber is set to go public in a deal that's expected to value the company
0:42.5	at $82 billion.
0:45.0	Drivers feel like they've long carried the company's financial burden.
0:48.9	But this IPO seems like it's going to be everyone's payday, except theirs, and they're
0:54.8	fed up.
0:56.2	So they're striking.
0:59.2	2,000 miles away in San Francisco, Uber's CEO, Dara Cosrashahi, can barely hear himself
1:05.4	think.
	...

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