Lyft Leading Wave of Startups Debuting With Giant Losses - News Summed Up

Lyft Leading Wave of Startups Debuting With Giant Losses


Uber and Lyft are both revving up for two of the most anticipated IPOs of 2019. In three rounds, we look at which company will be a better bet for investors. Ride-hailing company Lyft Inc. is leading a parade of Silicon Valley companies to Wall Street that display an unusual quality: lots of red ink. With its initial public offering expected this week, Lyft will serve as one of the biggest tests of the public market’s appetite for money-losing companies since the dot-com era. Lyft last year posted...


Source: Wall Street Journal March 25, 2019 12:00 UTC



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