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(CNBC)   Lyft promises investors that they'll get to 20 percent profit.....someday   (cnbc.com) divider line
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161 clicks; posted to Business » on 22 Mar 2019 at 12:50 PM (3 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2019-03-22 11:04:18 AM  
Creedence Clearwater Revival: Someday Never Comes
Youtube NwNuQulK6N0
 
2019-03-22 12:55:46 PM  
Lyft, which plans to list on the Nasdaq next week, lost $911 million on $2.1 billion in revenue last year, according to a regulatory filing.

So the plan is to just tell people you're going to convert nearly -50% into +20%, but not tell them how or when? Sounds like someone's trying to take the money and run.
 
2019-03-22 01:24:08 PM  

HMS_Blinkin: Lyft, which plans to list on the Nasdaq next week, lost $911 million on $2.1 billion in revenue last year, according to a regulatory filing.

So the plan is to just tell people you're going to convert nearly -50% into +20%, but not tell them how or when? Sounds like someone's trying to take the money and run.


csb. I worked for a company that would typically use these techniques. The CEO would congratulate the VPs on their sales projections, rather than their actual sales. Once, during a planning session (= show and tell), I asked how they'd get to that amount in sales given we were trending the other way. I was told that all was good, not to worry. Later on at a break the CEO collared me about it. I was being negative etc. Left not long after that.

/they never did hit those numbers.
 
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