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

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