We did an initial read of the Lyft ($LYFT) S1 and came away with the following:
An ESG Play?
Management is playing up the "ESG" angle of their investment case. That's an investing style that is gaining traction where companies are environmentally responsible, socially conscious and have strong corporate governance.
Management suggests they qualify for a number of reasons:
- Ride-sharing is more efficient which translates into fewer cars. It can also lead to greater use of "greener" modes of transportation like bikes, scooters and mass transit.
- Drivers are able to work their . . .