Lyft vs. Uber's $3 Billion war chest: How they survived.
15 May 2026 · 0 min

0:13
A ride-hailing company was down to five months of cash when Saudi Arabia invested $3 billion, saving it from collapse. Investors had written it off as doomed.

A ride-hailing company was down to five months of cash when Saudi Arabia invested $3 billion, saving it from collapse. Investors had written it off as doomed.
They had raised $3 billion from the Saudi government, and we had 5 months of cash left. And everyone said, you are royally fucked, and like, you might as well return the capital to your investors at this point.

How do I beat bigger competitors? Michael Ovitz, co-founder of CAA and former President of Disney

How do I become the person I want to be? (with Emily McDonald aka emonthebrain)