Was reading this about Lyft – http://www.bloomberg.com/news/articles/2015-11-18/leaked-lyft-financials-show-the-struggles-of-being-no-2-behind-uber.
Not such a great business it seems but a quick takeaway for me is how the hell do they compete with Uber when they don’t have a big international footprint?
This was also news to me:
Andreessen Horowitz is currently Lyft’s largest shareholder, according to one of the documents obtained by Bloomberg. The venture capital firm holds 12 percent of shares. Bloomberg LP is an investor in Andreessen Horowitz. Japanese e-commerce company Rakuten owns 10 percent of Lyft shares, and the Mayfield Fund owns 6.6 percent.
What the hell is Rakuten doing?