Uber Buyer of LYFT stock?

VictorD

Well-Known Member
No.

1. Uber has enough problems trying to stabilize themselves to have time to worry about Lyft.
2. Lyft's stock price is way overvalued.
3. Because of the dual class structure of Lyft stock, serves in no way to benefit Uber.
4. If Lyft is on the road to hell, why buy stock at $70/share when you can just wait and eventually buy the actual assets for pennies?
5. The only worthwhile interest Uber would have in Lyft is preventing any potential future competitors from acquiring Lyft's databases.
6. If Uber were to acquire Lyft, it would be solely to bury it.
 

TheNJBen

Well-Known Member
The FTC red tape would prevent that from happening. That would create a virtual monopoly and they would be sued to stop it
 

Michael1230nj

Well-Known Member
  • Thread Starter Thread Starter
  • #4
What I was suggesting, is that Uber investors would buy Lyft stock in the public market to stabilize the price. Uber doesn’t want to spook investors with the offering so close.
 

ToughTommy

Well-Known Member
You could not be more wrong. Why would a much larger company spend capital to support a stock that they want to go down. Stick to the airport .
 

Michael1230nj

Well-Known Member
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  • #6
Because they are in the same industry. Uber’s offering is near at hand. Would it serve Uber to have Lyft plummet? Would that create a positive appetite for Uber stock?
 

ToughTommy

Well-Known Member
Wow great point. Take your money pre IPO to invest in a plummeting over valued security because where in the same business. Don’t be surprised when Dara shows up and offers you a seat on the board of directors.
 
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