RIDEGURU
CNBC
- The stock ended trading at $69.01, 22 percent below its Friday intraday high of $88.60
- More than 41 million shares changed hands by the end of the session Monday.
- Lyft's market debut offers something of a gut check for Uber, Slack and Pinterest.
https://www.cnbc.com/2019/04/01/lyft-stock-is-tumbling-after-a-lukewarm-market-debut.html
Seeking Alpha
- Market share gains for Lyft (LYFT -10.3%) are set to stabilize, not accelerate, says analyst Ami Joseph. This makes valuation an issue, and Lyft deserves something less than Uber's (UBER) 2x enterprise value/gross bookings.
- Lyft at these prices is an "iffy investment," says Joseph, who sees 25% downside.
https://seekingalpha.com/news/3447410-lyft-sinks-10-percent-hedgeye-sees-big-downside
Comments
Gut checking indeed. Will this botched IPO negatively affect Uber's IPO. Me thinks yes.
I considered buying some - and then had to check myself. What was I even thinking. Knowing that both companies have NEVER made the first cent of profit, and knowing that going forward it is clearly NOT going to be smooth sailing, I personally wouldn't even consider it at this point.
As driver's, we all know how poorly they value their drivers. I cannot with a clear conscience invest in the company until they restore our rates to a more livable rate. Big business continues to push the American worker to the absolute minimal level with zero concern about the well being of their employee's. Fortunately there are still job opportunities remaining that pay well, and thankfully I have a day job that has delivered a livable income for 30 years - BUT, I know hundreds of folks that are living week to week and it's a sad state of affairs.
Now that Lyft and Uber will be forced to answer to their shareholders and have a high level of expectation …
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I considered buying some - and then had to check myself. What was I even thinking. Knowing that both companies have NEVER made the first cent of profit, and knowing that going forward it is clearly NOT going to be smooth sailing, I personally wouldn't even consider it at this point.
As driver's, we all know how poorly they value their drivers. I cannot with a clear conscience invest in the company until they restore our rates to a more livable rate. Big business continues to push the American worker to the absolute minimal level with zero concern about the well being of their employee's. Fortunately there are still job opportunities remaining that pay well, and thankfully I have a day job that has delivered a livable income for 30 years - BUT, I know hundreds of folks that are living week to week and it's a sad state of affairs.
Now that Lyft and Uber will be forced to answer to their shareholders and have a high level of expectation to deliver profits, there is absolutely NO way they are going to help their drivers until they are forced to do so, and as long as we continue to drive and new people are coming on board, that isn't going to change.
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Good job. These are "companies" that literally only lose money. Where I come from that is called a "scam".