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Alibaba's six-way split, Disney cuts its metaverse team, Substack's raise & more | E1708
This Week in Startups
The Disadvantages of Lyft
I think it's such a disaster that the board said, get max value for this before we run out of money. So who would Amazon be allowed to buy it for? I think the thing is going to keep going down in value. If it goes down to two billion, then Amazon comes in and says, we'll give you three and a half billion for it. They probably have enough hatred for Uber. Is they're quite vindictive. But most markets, it's winner take most or winner take all. Does the world need Lyft as a competitor? I'm not sure the world needs it.
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