Facebook shares dropped nearly 30% in its first nine days of trading, going by the change since the close on the first day of trading; Lyft has dropped about 20% by that same measure. Sure, Facebook eventually recouped its post-IPO losses — 15 months later.
Only time will tell what direction Lyft is headed, and it's so early in its lifetime as a publicly traded company, but bullish investors know one thing for sure:The time it took Facebook to recapture its IPO price after going public.Now read more markets coverage from Markets Insider and Business Insider:
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Betting against Lyft is 'The Amateur Short,' Citron Research saysCitron Research is long Lyft and says that anyone betting against the company is an 'amateur.'
Source: BusinessInsider - 🏆 729. / 51 Read more »
Lyft's shares rise after Citron advises against shorting stockShares of ride-hailing company Lyft Inc rose as much as 4 percent on Friday, set... How lyft can build this level of success off the backs of its drivers who earn less than minimum wage is beyond me. lyft has an especially cruel and abusive business model that shouldn’t be applauded in a time when wealth disparity is already spiraling out of control.
Source: Reuters - 🏆 2. / 97 Read more »
Lyft is threatening litigation against Morgan Stanley, accusing the firm of supporting short-sellingIn a letter sent to Morgan Stanley on April 2, Lyft questioned the firm about its role in helping market certain products that would help pre-IPO investors bet against the stock. mr_jettlife hasn’t even been a week I thought that’s normal IPO stuff. 🤣🤣🤣a bank committing fraud? Never...🤣🤣🤣
Source: CNBC - 🏆 12. / 72 Read more »
Stocks making the biggest moves midday: Under Armour, Tesla, Lyft, First Solar & moreCheck out the companies making headlines midday Wednesday:
Source: CNBC - 🏆 12. / 72 Read more »
Viewsroom: What’s driving Lyft’s valuation?The ride-hailing firm is worth $30 bln after its stock-market debut, even though its losses are growing. Shareholders are betting a shift to autonomous driving will steer it to a profit,
Source: Breakingviews - 🏆 470. / 51 Read more »
Lyft shares should only be worth $59 according to valuation guruCNBC's Fast Money, NYU's Aswath Damodaran explained that there's a fundamental problem with Lyft's business model that may have helped the company grow fast, but prevents it from making money. He must be bullish So first you pump and dump the stock and then you relentlessly slam the stock with stories like this? What the hell! Is this journalism? You know they're in a quiet period, right? jimcramer Jim Cramer? Must be bullish
Source: CNBC - 🏆 12. / 72 Read more »
A Murdered College Student’s Family Is Calling On Uber And Lyft To Make Rides SaferAt her funeral, the 21-year-old’s cousin asked ride-sharing companies to “provide safeguards to the mistakes that are easily made, the mistake that took Sami from us.” In a nation of 300 million-plus people, a nation built on violence, that's quite a tall order. Uber and Lyft already list the make, model, color and drivers name in hopes youll check before getting in. Tragic as this is...them blaming ridesharing is ridiculous. The quote 'I felt like i was going to throw up'... if you feel that way,... uber/lyft isnt for you. Sometimes license plate numbers aren’t listed. On the app it just says “NEW CAR”. Maybe you shouldn’t be an Uber/Lyft driver until you have plate numbers?
Source: BuzzFeed - 🏆 730. / 51 Read more »