Marisa Kendall:

Lyft President and co-founder John Zimmer addressed an audience at the Brainstorm Tech conference organized by Fortune. Not surprisingly, the company’s financials were among the topics of discussion. Reports have surfaced that Lyft is losing up to $50 million a month — Bloomberg reported that Lyft promised its investors to cap losses at that amount. But Zimmer put a slightly different spin on that high figure. When asked about it Monday, he said: “I would use the word ‘investing,’ ” Fortune reported.