Jason Posted April 1, 2019 Share Posted April 1, 2019 https://www.cnbc.com/2019/04/01/lyft-stock-is-tumbling-after-a-lukewarm-market-debut.html Lyft is still just burning startup cash, right? People are dumb so I could see this bouncing back up (I mean hell, Twitter stock is still worth something) but I don't really see what people are investing in at this point. Quote Link to comment Share on other sites More sharing options...
Ricofoley Posted April 2, 2019 Share Posted April 2, 2019 Apparently their prospectus literally says something close to, "We are currently not profitable and have no currently pathway to becoming profitable." It seems like the only paths to profitability that exist are rolling out robo-cars much faster than seems to be possible right now, or literally just killing the traditional cab industry so there are no other options left and then charging what traditional cabs used to charge. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.