Re:Lyft gaining on Uber as it spends big on growth
by vadym909 on Saturday April 16, 2016 @06:04PM
(#11512472)
you mean $1B surely?
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Re:Lyft gaining on Uber as it spends big on growth
by meddlepal on Saturday April 16, 2016 @07:24PM
(#11512778)
No. I can't name a source though. Basically Microsoft was hemmoraghing money on this unit and Uber took a chunk of staff, the tech, AND the operating expenses.
Re:Lyft gaining on Uber as it spends big on growth
by emcq on Sunday April 17, 2016 @12:23AM
(#11513495)
$1 doesn't make any sense. Perhaps you're leaving out some form of equity swap. Bankrupt companies get purchased all the time for millions of dollars and I can't imagine Microsoft's business team would allow such a shitty deal.