• Triton

Lyft's Poor Disclosure Makes it Hard to Predict

In his appearance today on Bloomberg TV, Triton's Rett Wallace explained how Lyft's poor disclosure in its S-1 Prospectus makes it difficult for investors to fully understand, and as a result makes it extremely difficult to accurately predict the company's performance. "Things that you might want to see include 'what are the churn rates of the riders and the drivers? What does it cost to acquire them on both sides of the equation? How much do they really spend in discounts? The one number we really can believe is the negative on billion in EBITDA" Link to excerpt of interview - HERE