RUSH EXCERPT:
SCHIFFER: “Well, I think to compare it to Facebook I don’t think is comparable in that Facebook’s potential, when it was in that position was tremendous. They have a network of facts that’s phenomenal phenomenal. People can switch easily a lot of drivers work for Uber and Lyft. I don’t like it. I think this is tremendously overvalued. I think it’s a unicorn without even a horn. Lyft is a good word for it because I think they’re lyfting investors money and it will burn. They’re burning $3 for every two dollars that comes in. For the people I think that are making this argument, well they are will move to automation and driver-less cars, that’s a technology that is way out in the future. So are we going to wait as investors to make money two, three, four years, down the road. I would say, stay away if you’re trying to make money here.”