2min chapter

Acquired cover image

The Lyft IPO

Acquired

CHAPTER

The Bear Case for Uber and Lyft

Lyft spent 32.7% of net revenue on sales and marketing in the fourth quarter, down from 40%. The company is growing while spending less proportionally than it did a year ago. Lyft's CEO John Logan: "We're doing the thing that we think we should responsibly be doing ... investing for future growth"

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