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by gregoryw 3872 days ago
He's right. You can't double count the revenue of your partners. That would be like eBay posting revenue of $300 billion. Or the NYSE posting revenue as all trades executed rather than their commission.

Lyft is still under $200 million and is raising at 25x revenue or so.

1 comments

> is raising at 25x revenue or so.

valuation is not equal to annual revenue..its more like the value over the lifetime.

So 25 years at current annual revenue? :)
Even worse than that, because revenue != earnings if Lyft has other costs than to pay its drivers.