- April 1, 2019
- Blog , The Portfolio Strategist - Terry Gardner
C.J. Lawrence Weekly – The Market Gets a Lyft, but Equities Can’t Find Long Term Love
On Friday, Lyft raised $2.34 billion and saw its share price rise in the after-market from the offering price of $72 to close at $78. That values the “tech unicorn” at ~$22.4 billion, even though the company lost $911 million on $2.2 billion in revenue in 2018. ...