Are you going to buy lyft stocks as soon as it becomes available? If not, comment why.
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- Microsoft warlockRead this analysis first: https://www.forbes.com/sites/greatspeculations/2019/03/14/steer-clear-of-lyfts-ipo/
- @giovani , @didify - nothing personal, just about the mechanics around such liquidity events.
Massive supply + just about fair to slightly stretched pricing for VC exits = 1 yr underperformance
I had a huge stash (1k options) of deep out of the money FB puts in 2012 once options started trading. Sold most of them at 20-30x gains when insider kids started selling in panic. Kids like Moskovitz sold under $20 too-LOL! Later, employees sold in Nov. Peter Thiel was selling at sub-20 too!
Later, in 2013, I purchased FB stock when Zuck got his strategy right (#MobileFirst).
Uber, Airbnb offer a similar opportunity. Insiders are desperate for liquidity - based on my survey of over 13 funds and 60+ early employees.
Long term, they'd be worth an investment but only after valuations correct.
- Facebook ufBg68They make no money and they're giving me 30% off promos every week...seems like a legit business
- Lyft FxGD15No. Because I already own a shit-ton of Lyft stock via RSUs. It's better to diversify
- Amazon / Eng n0vOnline taxi companies are over hyped. Especially #2 online taxi company.
- Pro tip: Go to the casino with the money you were going to spend on the Lyft ipo and bet it all on black. You have a chance of making money in this plan and it only takes like a couple hours. Use your extra time to think about what you did, so you never do it again.
- Bloomberg ezJV08Man I only got so much money to short.. why did Uber and Lyft file at the same time 😞😞😞
- I'm not suggesting anything, I'm just saying they were right in this case that buying Facebook at IPO was not the best move and yes indeed buying later when it dipped was much better.
Now in general I agree, there is too much volatility during IPO, it's better to wait that it stabilizes
- After FB IPO in 2012, options became available while stock was still above 30. Stock was hard to borrow.
I bought a massive stash of deep out of the money puts (~20 strike). About 1000 (yes, 1k) of them. Rest is history. Puts went flying as insider-kids (such as Dustin Moskovitz) started selling when their window lifted in Nov 2012.
Used the proceeds to buy decent chunk in FB for it's 'MobileFirst' strategy the following year while fund managers jumped in.
- Microsoft LordFarqudHere’s a company that’s bleeding money, is not a market leader, and it’s main “disruptor” is that it’s not as evil as Uber used to be.
I just don’t see a point unless Level 4 automated driving is right around the corner...and it isn’t.
- Yelp / Eng sJJv80Nope. IPOs almost always go down within 6 months. If I was gonna buy, I’d wait for a dip during that time period.
- Lyft is raising 2b and losing 1b per year.
Only US federal government can do that.
It's trying to go IPO at 10 times revenue. It really works for the companies, which move bits and not atoms.
- Lyft is all about being inclusive for white-liberal-approved minority groups and building community through multi-modal transportation (i.e., bikes and scooters less visible and prevalent than Uber’s equivalent) while sort of researching self-driving cars by way of a subsidiary in Las Vegas. What could possibly go wrong?
Meanwhile, Uber thinks about middle mile and last mile logistics tech and operations, which is a notably growing industry.
- Uber hallo45You should wait a few quarters before buying any ipo stock. In general you should only be buying index funds unless it is your job to buy stocks
- I work for one of Lyft's biggest shareholders and our stock is already rising in anticipation of the Lyft IPO.