FINA 3000 Study Guide - Midterm Guide: Jpmorgan Chase, Lyft, Morgan Stanley
Document Summary
Yesterday: 7 million new subscribers 1. 2 million u. s. , most came from asia, 137 million subscribers, back on super growth. Issues for long term: content driven, competition. Last 3 years, borrowed , . 5 billion for content debt. Increased interest rates, increased netflix debt cost, increased wacc. Uber and lyft: both headed towards 2019 ipo, uber: goldman sachs, morgan stanley ceo is driving an uber, uber: billion 2x its last valuation (toyota: million) Lyft: jp morgan chase, credit suisse: billion > ford, gm, chrysler value. Lyft: million: uber: selling a portfolio of companies. Lyft: selling their gain in ride sharing space. Issue: neither is profitable, uber raised . 5 billion in junk debt this year (8% interest, both are rushing to ipo market now. Stock market: stock market down 3. 5% in value, why. Current event: concern over rising interest rates, federal reserve has increases borrowing rate. Impacts mortgage rates, auto loans, and other loans.
