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Viewsroom

Viewsroom: What’s driving Lyft’s valuation?

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 4 April 2019

⏱️ 26 minutes

🧾️ Download transcript

Summary

The ride-hailing firm is worth $30 bln after its stock-market debut, even though its losses are growing. Shareholders are betting a shift to autonomous driving will steer it to a profit, but that may be a long way off. Plus: Saudi Aramco lets investors drill into its finances. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Where do you find a clear signal in a world of static?

0:03.2

In a time of rapid change cut through the noise,

0:06.2

the economist goes beyond the headlines to decode the forces shaping today and defining tomorrow.

0:12.7

Get the full story.

0:14.1

It's more than news.

0:15.4

It's a trusted global perspective.

0:17.7

The economist know which way is up.

0:20.6

The views expressed on this podcast are those of the participants, not of Roiders' News.

0:30.6

Welcome to the Views Room, a podcast from Reuters' Breaking Views. I'm Jennifer Sabat.

0:35.4

This week, we are diving into the valuations of two of the most

0:38.5

intriguing companies in the world, Lyft and Saudi oil giant Aramco. Ride-sharing firm Lyft has been

0:44.9

all over the map since it went public last week. The valuation is now settled down to about

0:49.7

$30 billion. It was one of the most hyped IPOs in, I guess, several years. People have been

0:55.8

really looking forward to this thing. And partially, it has something to say about Uber, which is

1:01.3

its rival coming up soon. So in the studio to kind of work this out for us, we have Rob Searin.

1:09.5

Thanks for coming in. You're welcome. And of course, Anthony Curry, you're going to be on the other side of the

1:13.9

mic, answering questions instead of posing them. Floviating as ever. Okay. So this thing is gone

1:21.9

all over the place. It's gyrating, popped when it first debuted, and now it's down. What is it down? Tell us the number. So when it first debuted and now it's down.

1:29.0

What is it down?

1:29.5

Tell us the number.

1:30.3

So when it went public at 72 went up to about 80 something, 84, 87, yeah.

1:37.6

So it's up about 20% or so.

...

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