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Who bought Lyft? Apparently, their shares could only be worth $59 lol

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frank3
53 Rider
 Posted 3 years, 4 months ago

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.


https://www.cnbc.com/2019/04/09/lyft-shares-should-worth-59-nyu-stern-professor-aswath-damodaran.html

Comments

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    lionfool
    236 Rider Driver
     3 years ago

    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.

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    cheesehead
    524 Rider Driver
     3 years ago

    I think most of us were smart enough to avoid it... thankfully.

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    blackandyellow
    147
     3 years ago

    Ouch, though not surprised.