Bill Gurley compared the competition between Lyft and Uber to the dollar auction. https://en.wikipedia.org/wiki/Dollar_auction … A $100 bill is being auctioned with the caveat that the loser of the auction still have to pay his bid. In practice, players will exceed $100. http://investorfieldguide.com/gurley/
9:03 PM - 7 Jul 2019
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