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A comment on Lyft gaining on Uber as it spends big on growth. Parent comment

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.
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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.
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Re:Lyft gaining on Uber as it spends big on growth by morgante on Sunday April 17, 2016 @09:27AM (#11514424)
Bankrupt companies also routinely get purchased for $1, with the old owners just glad to get rid of outstanding liabilities.
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Re:Lyft gaining on Uber as it spends big on growth by fullshark on Sunday April 17, 2016 @01:50AM (#11513636)
It only makes sense if the unit was hemorrhaging money and had near iron clad contracts/termination penalties.
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