Matt Levine, Columnist

Uber and Lyft Have to Grow Up Now

Also physical Bitcoin futures, Tesla sabotage, hedge fund fees and Zoom/Zoom.

April 22, 2019 at 4:00 PM UTC

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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Programming note: Money Stuff will be off tomorrow, back on Wednesday.

Six months ago, if Lyft Inc. had secretly sent Uber Technologies Inc. a 274-page memo saying how much an average Lyft ride costs, and how much of that Lyft takes and how much it gives to its drivers, and how much it spends on operations and marketing and research, and what its plans are to make more money, and if Uber had replied with a similar 368-page memo, and if the memos had leaked: That would have raised some eyebrows. Why does Uber need to know all that pricing stuff about Lyft, and vice versa? What are they getting up to with all that competitive information?