News,

Lyft Happens

Still worrying about $LYFT and $UBER stocks?
Don’t worry. It could be worse.

If you are disappointed about bad Lyft’s and Uber’s performance in their post-IPO trading, you’d better travel in the past. It is good to be reminded that not all companies go well after the IPO. Even if they are well-known and seem to be profitable.
One of the most recent examples could be $NIO. Electric car-maker’s stock, currently trading near $4.00, is down more than 30% from its September initial price.
Another poor performer is $GPRO. It now trades 70% lower than its 2014 IPO price. By the way, nobody doubts the company produces the world’s best action cameras. It just so happens that most consumers don’t really need to buy one.
And remember $SNAP, which is presently valued about one-third less than its public-offering price (and 60% less than its post-IPO high). And, apparently, not because it’s a poor social networking platform. As it turned out, consumers don’t need another one other than Facebook.

Uber stock

01 comment

SprinkleBit

writer

At SprinkleBit, founded in 2011, we believe that if you have a dollar, then you have what it takes to be an investor. Sometimes you just need a little extra help to build your confidence. With our virtual simulator and our 24 free SprinkleBit University chapters, you will be able to learn the ins and outs of the market risk-free. Once you're ready to dive into the real thing, the community will be right there with you to help you on your journey. Dive in and start taking control of your financial future. You won't regret it.

1 Comment

Anonymous

Reply

Sweet blog! I found it while surfing around on Yahoo News.

Do you have any tips on how to get listed in Yahoo News?
I’ve been trying for a while but I never seem to get there!

Leave a Reply