Waves in Silicon Valley and investing in hubers archrival lift. The billiondollar activist investor adding 1 billion to weathers 1 million to lift things wave of funding lyfts wave of funding. How will that help them catch up to uber . Lift is only valued at a little over 2. 5 billion. Then there is the reach, uber has expanded over 250 series 250 cities worldwide lyft only operates and 65 cities. For more on what this means, i want to bring in the Bloomberg News reporter who left this story, leslie picker from new york. Erin newcomer was here from the set in san francisco. Corey, i want to start with you because this is a very different investment for carl. Why is he investing in lyft over uber . Lets think of all the reasons. He is investing in it to make money. For much of his career, he has been a moneymaker, but not a Company Builder by any stretch of the imagination. He looks at what he can make better and where he can make money. 30 years ago, he has borrowed money to become one
Ubers archrival, lyft. The billionaire investor added 100 million, and one of the investors employees will join the board. Uber is valued at 40 billion. Lyft a little over 2. 5 billion. Then there is the reach, 250 cities worldwide for uber, while lyft is just in the states. For more on what this investment means, i want to bring in leslie picker, Eric Newcomer is here, as well as our editor at large cory johnson. Cory, i want to start with you because this is a different kind of investment for carl icahn. Why is carl icahn first of all investing in a private tech company, and why lyft over her . Over uber . Cory lets think of all the reasons, one, he is wanted to make money. Carl icahn has been a moneymaker, but a Company Builder not by any stretch of the imagination. He likes to look at what he thinks can be better that he can make money. 30 years ago, 30 years ago, he had borrowed money to help Michael Milken and Drexel Burnham lambert to help one of the corporate raiders taking ove
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