Lyft, Inc. (NASDAQ:LYFT) Barclays 22nd Annual Global Technology Conference December 11, 2024 2:35 PM ET
Company Participants
Erin Brewer – Chief Financial Officer
Conference Call Participants
Ross Sandler – Barclays
Ross Sandler
We are going to get started as people roll in here. Welcome everybody. My name is Ross Sandler. For those of you that I have not yet met, I had the U.S. Internet Research Team. We’re super happy to have Erin Brewer from Lyft back again for another great year. And I think very timely given what’s going on in this space broadly right now.
So just to kick things off, why don’t we just kind of address today’s news head on. I think the two big concerns we hear from the investment community are around robotaxi disruption and insurance. So on the first one, Cruise is now officially, I don’t think this was a huge surprise to anyone, pulling out of the market. So I guess the question is, and you’re starting to see these partnerships, you guys are involved with a few forming around the space. I guess the question is, what does Lyft have to offer folks like Waymo and Tesla who from our vantage point appear to be the only two players that are going to be live in the next 5 years in the U.S?
Erin Brewer
Yes, great question. I’d start out just by framing that at Lyft, we are excited about the advent of AVs. We absolutely see this as a market expanding opportunity. And I’ll sort of dive into a couple of the reasons why as I think about our capability and a little bit about what we’re seeing on the ground.
So if you think about Lyft, right, we think that our platform is going to be absolutely one of the
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