# Professor Arun Sundararajan discusses Lyft's spending in Asia

1 Faculty News April 14, 2016 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/articles/2016-04-14/lyft-is-gaining-on-uber-as-it-spends-big-for-growth) -- "Uber needs to show investors, who have given the company a valuation of $62.5 billion, that it’s capable of turning a profit at home if it intends to sink more money into Asia, says [Arun Sundararajan](http://www.stern.nyu.edu/faculty/bio/arun-sundararajan), a New York University business school professor. 'The expectations on when Uber will hit profitability have a shorter clock on them because Uber’s valuation is so high,' he says. 'Lyft has a little more runway.'"

[Read more](http://www.bloomberg.com/news/articles/2016-04-14/lyft-is-gaining-on-uber-as-it-spends-big-for-growth)