Uber Says Lyft Isn't Worth More Than $2 Billion: Sources

The transcript discusses Uber's stance on acquiring Lyft, highlighting that Uber executives believe Lyft is worth about $2 billion. However, Uber's CEO, Travis Kalanick, is hesitant to pursue the acquisition due to potential regulatory scrutiny from the Federal Trade Commission. Lyft responded by accusing Uber of mudslinging. The transcript also explores the ongoing speculation about Lyft's value among investors, with Lyft reportedly seeking a $9 billion valuation. The discussion reflects the strategic considerations and market positioning of both companies.

Why did Uber executives claim they were not interested in buying Lyft?

• Due to high valuation of Lyft

• Lyft's poor financial performance

• Because of antitrust concerns

• Lack of interest in ride-sharing

What was the valuation of Lyft according to Uber executives?

• $1 billion

• $9 billion

• $2 billion

• $5 billion

What was a major reason for Uber CEO's decision against purchasing Lyft?

• Lyft's declining user base

• Lack of market demand

• Regulatory scrutiny from the FTC

• High operational costs

How did Lyft respond to Uber's valuation of their company?

• They increased their market presence

• They ignored the valuation

• They considered it as mudslinging

• They agreed with the valuation

What was the valuation Lyft was reportedly seeking?

• $12 billion

• $9 billion

• $5 billion

• $2 billion