[ObeyTheNumbers]

Lyft stock closes lower than $10 for the first time; three-quarters of its valuation has been wiped away this year

Shares of Lyft Inc. closed lower than $10 for the first time Tuesday as the ride-hailing company's shares head for their worst year yet.

www.marketwatch.com

 

[Buff69]

Bankruptcy is near

 

[Stevie The magic Unicorn]

Bankruptcy is near

I personally suspect that anyone interested in buying them out is just going to wait until the bankrupcty and just buy the rights to use the trade name from the chapter 7 bankrupcty sale.

Much cheaper plus you're starting with a clean slate in terms of lawsuits as well as any other debt.

I mean what do you think is more.

The cost of developing your own ride share app?
Or the cost of paying off every single lawsuit in the pipeline against the company?



In a chapter 7 bankruptcy everyone just locks the doors and stops coming in, then a court appointed guy liquidates the assets and the creditors get screwed, the owner of the business would get next to or compeltely nothing.

There would be an auction for the certain things, one of which would be the trade name Lyft. Other things would be the software, which frankly wouldn't be worth much.

Than there's the debate on whether or not lyft is even worth paying money to secure the name or not. Anyone with the assets willing to actually compete with uber is already a household name and wouldn't need Lyft's name.

Amazon,
Apple,
Virgin.
Google.

None of them would be better off buying lyft than they would be just slapping their own name on something new. Plus there's the added benifit of not having the baggage of lyft's name and any negative feelings associated with it.

I could be wrong thou,

But one day lyft is just going to stop operating, and probobly screw all the drivers that they owed money to that week.

If either of these companies stop paying (for any period of time) we need to stop driving on the spot.

I would not put it past either uber or lyft to fall into a situation on their last days that they just can't pay out period, and we(the drivers never see the money). On a side note..

Insurance companies will cover us for any incident up until the moment uber/lyft shut down. So that's not really a concern.

 

[Buff69]

Question you think Lyft will settle most of the cases against them before bankruptcy or are they stalling to not pay off all the settlements?

 

[ThrowInTheTowel]

I personally suspect that anyone interested in buying them out is just going to wait until the bankrupcty and just buy the rights to use the trade name from the chapter 7 bankrupcty sale.

Much cheaper plus you're starting with a clean slate in terms of lawsuits as well as any other debt.

I mean what do you think is more.

The cost of developing your own ride share app?
Or the cost of paying off every single lawsuit in the pipeline against the company?



In a chapter 7 bankruptcy everyone just locks the doors and stops coming in, then a court appointed guy liquidates the assets and the creditors get screwed, the owner of the business would get next to or compeltely nothing.

There would be an auction for the certain things, one of which would be the trade name Lyft. Other things would be the software, which frankly wouldn't be worth much.

Than there's the debate on whether or not lyft is even worth paying money to secure the name or not. Anyone with the assets willing to actually compete with uber is already a household name and wouldn't need Lyft's name.

Amazon,
Apple,
Virgin.
Google.

None of them would be better off buying lyft than they would be just slapping their own name on something new. Plus there's the added benifit of not having the baggage of lyft's name and any negative feelings associated with it.

I could be wrong thou,

But one day lyft is just going to stop operating, and probobly screw all the drivers that they owed money to that week.

If either of these companies stop paying (for any period of time) we need to stop driving on the spot.

I would not put it past either uber or lyft to fall into a situation on their last days that they just can't pay out period, and we(the drivers never see the money). On a side note..

Insurance companies will cover us for any incident up until the moment uber/lyft shut down. So that's not really a concern.

Curious why you think the software would be worth nothing? As long as they have been in the game shouldn't it be pretty advanced at this point? Especially with all the algorithm data collected to determine how much pain a driver will take with no Vaseline before they quit.

 

[Uberisfuninlv]

Should be 10 cents

#SHORTIT

 

[nosurgenodrive]

They have more cash on hand than debt . . .

 

[nosurgenodrive]

I personally suspect that anyone interested in buying them out is just going to wait until the bankrupcty and just buy the rights to use the trade name from the chapter 7 bankrupcty sale.

Much cheaper plus you're starting with a clean slate in terms of lawsuits as well as any other debt.

I mean what do you think is more.

The cost of developing your own ride share app?
Or the cost of paying off every single lawsuit in the pipeline against the company?



In a chapter 7 bankruptcy everyone just locks the doors and stops coming in, then a court appointed guy liquidates the assets and the creditors get screwed, the owner of the business would get next to or compeltely nothing.

There would be an auction for the certain things, one of which would be the trade name Lyft. Other things would be the software, which frankly wouldn't be worth much.

Than there's the debate on whether or not lyft is even worth paying money to secure the name or not. Anyone with the assets willing to actually compete with uber is already a household name and wouldn't need Lyft's name.

Amazon,
Apple,
Virgin.
Google.

None of them would be better off buying lyft than they would be just slapping their own name on something new. Plus there's the added benifit of not having the baggage of lyft's name and any negative feelings associated with it.

I could be wrong thou,

But one day lyft is just going to stop operating, and probobly screw all the drivers that they owed money to that week.

If either of these companies stop paying (for any period of time) we need to stop driving on the spot.

I would not put it past either uber or lyft to fall into a situation on their last days that they just can't pay out period, and we(the drivers never see the money). On a side note..

Insurance companies will cover us for any incident up until the moment uber/lyft shut down. So that's not really a concern.

Google is heavily invested against Uber. They hate Uber. Lyft would be an easy and cheap buyout at $25 a share.

They won’t go bankrupt. they have more cash on hand than debt and they are stealing 60% of the fare in many cases. They offshore a ton of money to not pay taxes on it.

Whole market is trash right now. Fair market value for the platformis closer to $20-$30 a share for them, even if they only take 30% of the fare.

 

[nosurgenodrive]

What is LYFT Valuation Today? LYFT - Macroaxis

Find out how much LYFT is worth by exploring its current valuation indicators along with LYFT's enterprise value overview and LYFT Inc(LYFT) SEC filings, reports, and corporate actions

www.macroaxis.com

 

[Stevie The magic Unicorn]

Curious why you think the software would be worth nothing? As long as they have been in the game shouldn't it be pretty advanced at this point? Especially with all the algorithm data collected to determine how much pain a driver will take with no Vaseline before they quit.

It's actually pretty shit software.

Because of uber and lyfts track record, just their track record.. You can't take them on their word;

 

[Gone_in_60_seconds]

Bankruptcy is near

Yes, its all good. No more "switcheroos" !!!! Some sadistic programmer with no empathy must have created this feature in the algorithm.