Lyft needs to act fast in terms of driving that frequency because Uber really is taking share and they are taking share without spending on incentives. Mandip Singh: Lyft's problem is their balance sheet. They'll run out of cash if they keep burning $200, $300 million a quarter. But I would argue they will be more valued as logistics companies going forward than tech companies.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode