News Formal

Lyft's had a torrid time so far as a public company, and it's trading a lot like Facebook did

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Lyft's shares have plunged since its IPO in March. Its early days in the public market resemble those of another tech giant: Facebook.

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:

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 729. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Stocks making the biggest moves midday: Under Armour, Tesla, Lyft, First Solar & moreCheck out the companies making headlines midday Wednesday:
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »