I think it is safe to say that the financial prestidigitation achieved by Uber and, to a lesser extent, Lyft, has been seen through. As I’ve been saying about Uber for a while, it is going to have a lot of trouble raising more money. Instead, it will sell itself off in pieces, perhaps, as it started to do in China. Lyft, by contrast, just can’t get a break.
The ride-hailing startup that’s become a perennial runner up to global behemoth Uber had recently sought as much as $9 billion in a buyout offer but failed to secure serious interest, sources told Recode.