1. In class, we address the importance of maximizing shareholders' wealth. However, it seems like maximizing stock prices does not make sense, because investors focus on short-term results and don't care about long-term consequences. What do you think? Please discuss.

2. Uber Inc. is planning to issue an IPO this May. It is known as a ride-hailing business and just like Lyft. Both companies offer ride-sharing, carpooling, bike and scooter rentals for short trips on-demand. But Uber's structure is way more complicated than its smaller rival: it also generates significant revenue from three other business such as Uber Eats and Uber Freight. Also, it operates in 63 countries and nearly 700 cities, compared to Lyft which only operates in the U.S. and Canada. Because of its complexity, regulators are more likely to scrutinize how Uber approaches segment reportingoften a sticky issue for companies with a mix of business lines and global reach. Uber executives also need to communicate the story of its varied businesses to experienced fund managers and retail investors who are considering buying stock in the company.

According to your research on Uber and Lyft, will Lyft undertaking an IPO before Uber help it compete more effectively against Uber? Why or why not? Why are Uber's risk disclosures likely subjected to more scrutiny from the U.S. Securities and Exchange Commission than was Lyft? Will you invest in Lyft or Uber? Why or why not? Please discuss