Lyft's biggest mistake was it never expanded beyond ride sharing. Lyft just is struggling to keep that driver's supply on the platform. If I find lower price on Uber, I'm going to take that. No loyalty at all. The way to drive prices lower is by scale.
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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