55.50 USD −3.84 (6.48%) At the moment lyft is down another $3.84
When does uber start trading? Friday?I’m not disagreeing with you @UberIsAllFubared, but just keep in mind a lot of other IPOs had very rough starts and despite Lyft’s billion dollar loss they did grow their ridership (yet that growth came at a huge cost). I’m just saying they are playing the long game, but Uber has adjusted their own IPO plan and price range based on Lyft’s poor initial performance. Will investors stick with them for years before they potentially turn a profit?
Like I said, the only reason these companies went public is because the initial investors know this is the only way they get their money out. Average Joe in middle America will be stuck with a worthless stock. My only hope is that it goes to zero before the lockup period ends. This is nothing more than a pump and dump