Watch: Investors in Uber and already-listed Lyft need to take leaps of faith to justify the valuation, rob_cyran explains.
Ride-hailing service Uber Technologies is finally set to reveal its public stock offering documentation. That could include a valuation of up to $100 billion. As Robert Cyran explains, investors in Uber and already-listed Lyft need to take leaps of faith to justify that.
Ride-hailing service Uber Technologies is finally set to reveal its public stock offering documentation. That could include a valuation of up to $100 billion. As Robert Cyran explains, investors in Uber and already-listed Lyft need to take leaps of faith to justify that.https://reut.rs/2IyAEr9
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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,
Read more »
Lyft shares hit new low as Uber IPO chatter revs upShares of recently listed Lyft Inc fell to a fresh low and closed the day down a...
Read more »
How Uber and Lyft riders can stay safe after Samantha Josephson’s deathThe University of South Carolina student entered the car of a man she mistook for her Uber driver, police said.
Read more »
Lyft IPO Should Mark The End Of The 'Uber'- Exuberant Tech Cycle In Silicon ValleyLyft, 'lifted' to a valuation of close to $25 billion when shares started trading on Friday. Today, it's down as much as 20% from the Friday highs.
Read more »
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.'
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...
Read more »
Lyft shares drop to a new low as experts question its valuation ahead of Uber's debutLyft shares tumbled Wednesday following skepticism around its valuation and reports that Uber will unveil its public offering Thursday.
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.
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.
Read more »