Yahoo Finance Executive Editor Brian Sozzi sits down with Lyft (LYFT) CEO David Risher at the Goldman Sachs Communicopia and Tech Conference to discuss the...
) CEO David Risher at the Goldman Sachs Communicopia and Tech Conference to discuss the company's performance and how autonomous vehicles will affect its growth story.
He continues,"We have 1.4 million people who drive on the platform every year. Every single one of those we have to onboard. We have to pay. We have to offboard and they don't want to anymore and all that. So we know how to do that at scale. So if people want to put their AVs on our platform, that's great. That's what we're going to make easy."We're still out here in San Francisco at the Goldman Sachs Communic Copia conference.
It really has taken something that's annoyed people and taken it off the table search pricing to your point.I don't think it'll ever go away entirely because remember what happens when prices surge?Then maybe it just started raining, as I say, maybe a concert and event just cut out.
I mean, when the economy stumbles, in fact, just on the second for another second, there are macroeconomists who think that the gig economy is actually an incredibly important, almost sort of um uh pressure relief valve. I just happen to get it that says that our airport rides have now completely gotten back to 2019 levels.There is a little bit of bump, but right now it's actually looking stronger than ever from what I can tell you're delivering on a lot of things that you laid out a year ago.Why is the stock still down 7% in the past year?And that is, well, first of all, we are building for the long term, we absolutely are.
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