RIDEGURU
The ride-hailing company’s stock price should be closer to $59 says NYU Stern professor Aswath Damodaran, who values Lyft around $15 billion, considerably lower than its valuation at IPO over $20 billion.
Who bought Lyft? Apparently, their shares could only be worth $59 lol
Posted 5 years ago
Posted In
Rideshare News
News, media buzz around the industry, cool images, and more. Share them here, and discuss with others in the rideshare industry, including Uber drivers, passengers, journalists, and rideshare companies.
Posted By
Frank Michael (frank3)
53
Rider
Ride Apprentice
Popular Links
- Maximum Ridesharing Profits
- Fare Estimator
- Rideshare 101
- Sign up for UberAd
- Sign up for Uber EatsAd
- Sign up for Lyft - $5 offAd
Comments
Well, yeah, when you buy a company that is hemorraging money, that's what should happen... Don't buy into the Silicon Valley hype. use your head.
I think most of us were smart enough to avoid it... thankfully.
Ouch, though not surprised.