Lyft Goes Public, Worth $23 Billion

Episode 1579
Lyft went public this week, and on shares, it was worth $23 Billion. Leo thinks that Wall Street is banking on a future when these ride-sharing companies will have driverless vehicles. Until then, Lyft has to share the fare with its drivers and even subsidize nearly 40% of what cabs would normally charge. But once driverless cars are the norm, Wall Street believes the profits will come. But the real question is, would you get into a driverless car and trust that the computer will get you to your destination safely? Especially with other human drivers on the road with it?