You know I like charts like these! Valuations for businesses like Beyond Meat scare me!
When comparing the business drivers of both Uber and Lyft, two things stand out: Uber’s scale and its international reach (40% of revenues). Uber operates in 57 countries already. But elsewhere they look very similar. Of-course to make any comparison we have to make assumptions around a) mix of pool rides being similar (as they […]
The company recently filed the S-1 in preparation for its IPO, and disclosed the makeup of its revenues. While most of the MAU growth is from International region, most of the revenue growth came from monetizing the US customer base. The run rate for which at the end of 2018 was ~$3/user/quarter. This compares to […]