Lyft investors have suffered a rocky road since the IPO. We highlight some of the prominent names.
Shares have plunged 23% from their IPO price of $72, with investors recording paper losses.Lyft investors have had a rocky road since the initial public offering on March 29. The ride-sharing company's shares are down 23%, well below the initial-public-offering price of $72, wiping nearly $5 billion off the company's market cap., widely expected to be the largest of 2019. Uber is expecting to go public as early as Friday.
While every Lyft investor who got in ahead of the IPO has seen their Lyft holdings decline in value, Markets Insider picked out eight to highlight. To be clear, it is unclear at what price these investors originally purchased shares, and some or all could still be up significantly on their original investment. Also, these are paper losses, and Lyft's shares could yet rebound.
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Uber, Lyft drivers on global strike just before Uber's IPOUber and Lyft drivers around the world are striking on Wednesday to improve wages and working conditions just two days ahead of Uber's monster IPO that could generate $80 million to $90 million. The hours drivers plan to strike vary by location but will span from New York to Atlanta to Tokyo. In
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Lyft stops providing key data after IPO, then insults investors’ intelligenceLyft suggested that investors’ poor little brains just couldn’t handle a separate figure outlining the actual size of its business, yet offered several different versions of profitability, Therese Poletti writes.
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Lyft shows large losses in first earnings since IPO, but sales beat expectationsLyft Inc. reported better sales than expected in its first quarterly earnings report as a public company Tuesday, but also disclosed massive losses even...
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Lyft takes some gas out of Uber’s IPOThe smaller ride-hailing app beat revenue estimates with its first post-listing results and burned less cash. But growth is slowing, making profit a more distant goal for the $17 bln firm. That, and a fresh wobble in the stock, flash a hazard light for its big rival’s offering.
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Breakingviews - Lyft takes some gas out of Uber’s IPOOn Breakingviews – Lyft is likely to take some gas out of Uber’s IPO by tombuerkle
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Uber, Lyft drivers plan to strike ahead of Uber’s IPODrivers are calling for better job security, a livable income and a cap on the ride-hailing companies’ commission.
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Uber, Lyft drivers on global strike just before Uber's IPOUber and Lyft drivers on global strike to improve wages and working conditions just two days ahead of Uber's monster IPO.
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Bernie Sanders says he stands in ‘solidarity’ with Uber and Lyft drivers going on strike“Uber and Lyft drivers are struggling as they work for billion-dollar companies,” Sen. Bernie Sanders said on Wednesday. “I stand in solidarity with them as they strike today for a dignified life.”
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