The game theory behind the next phase of an old fight.
It looks like Lyft is going to beat Uber to the public market — and that’s not just timing. It’s game theory.
As private companies, Lyft has long been the No. 2 player in the U.S. ride-hailing dogfight to Uber, the global behemoth with more diverse revenue streams and more market share. But now we’re entering a new phase in what has been a financial war: As public companies, Lyft will have a chance — over time — to slowly chip away at Uber’s last valuation, which is about five times greater than Lyft’s.