Lyft IPO outstanding success

Grumpy Old Man

Well-Known Member
Now valued at $22 billion.
"Investors didn’t seem to mind that the company was losing money"
$911 million loss last year, $688 million the year before, this makes no sense.

 

ST DYMPHNA son

Well-Known Member
...this IPO is a total failure...expectation was for 30 Billion dollars...uber is expecting 120 Billions and it is possible that their IPO might be below 80 Billions...
 

RoboRider

Well-Known Member
I would wait and watch the price for a few weeks before declaring it an outstanding success ... staggers me that people placethese sorts of valuations (10 x Revenue) on a business losing almost 1bn a year :eek:
 
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