Why doesn't DASH buy LYFT?
Why doesn't $DoorDash, Inc.(DASH)$ buy $Lyft, Inc.(LYFT)$ ?
They could have $Uber(UBER)$ -like synergies among drivers, users, and eventually autonomous fleets.
Doordash has a market cap of $105 billion and trades for 8.6x sales.
Lyft is worth $5.6 billion net of cash and trades for 0.9x sales.
PS： The best investors are on a constant learning journey.
Buffett started buying "cigar butt" stocks and evolved to a buy-and-hold strategy.
Bill Gurley has made a fortune on internet companies and the internet didn't even exist when he started.
Learn, implement, repeat.
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