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Viewsroom: Who will drive off with Fiat Chrysler?Peugeot and Renault both seem keen to merge with the Italo-American carmaker. Either deal could improve earnings from smaller cars, but couldn’t plug all Fiat Chrysler’s gaps in Asia and new tech. Plu
Source: Breakingviews - 🏆 470. / 51 Read more »
Investor Interest Drives Lyft To $24 Billion Valuation, But It Still Won't Make Founders BillionairesUnlike a lot of consumer tech IPOs, Lyft's founders won't become billionaires after the ride-hailing company debuts in market by bizcarson
Source: Forbes - 🏆 394. / 53 Read more »
Environmental investors are calling Uber and Lyft's bluff when it comes to going green'They're actually putting more cars into the congested areas, and they're pulling business out of the transit systems,' said one portfolio manager. Do it. Ride sharing is to expensive. That is for rich busy drunks.
Source: BusinessInsider - 🏆 729. / 51 Read more »
The Irrational Exuberance Of Lyft's IPO: Will The Bubble Burst?Ridesharing pioneer Lyft will begin trading as a public company on Friday at a market value expected to exceed $22 billion, kicking off a wave of money-losing tech IPO’s likely to include Uber, Pinterest, Postmates, and Slack. Are we entering another era of irrational exuberance? Patience and fundamentals are a thing of the past. jimcramer CNBC 247WallSt Hmm... Is this 1999 all over a gain? 🤔 Bookmarking this writeup!
Source: Forbes - 🏆 394. / 53 Read more »