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.
Bloomberg Intelligence Senior Tech Analyst Mandeep Singh breaks down Lyft earnings missing estimates. Dan Morgan, Senior Portfolio Manager at Synovus Trust, shares his thoughts on Apple earnings and the company's plan to buyback up to $90 billion of the stock. Bloomberg Businessweek Senior Global Business Writer Devin Leonard discusses Ben Shapiro's media company trying to build a right-wing Disney. Bloomberg Businessweek Editor Joel Weber and Bloomberg Businessweek Features Writer Ashlee Vance provide the details of Ashlee's Businessweek Magazine cover story How a Dishwasher Engineer Challenged Musk’s Dominance in Space. Bloomberg News Consumer Finance Reporter Paige Smith explains how busted banks have wiped out $54 billion from stocks and bonds. And We Drive to the Close with Mark Travis, President and CEO at Intrepid Capital.
Hosts: Carol Massar and Madison Mills. Producer: Paul Brennan.
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