Given the price action of the LYFT stock this week, it seems that investors are acting like it’s March again and LYFT might run out of money. What’s going on? If Prop 22 does not pass, is LYFT really doomed?
Prop 22 failing will open a giant legal can of worms that will weigh on the company for a long time. Might not necessarily go bankrupt but will require drastic changes.
Lyft puts Nov 15th?
Short them. Can't lose.
We are both doomed...
Plz don't compare with us!! Our stock price is terrible compared to Uber
Lyft is doomed. Uber is in trouble.
This is pricing in Prop22 failing, yes. There is tons of cash in the bank. Uber and Lyft are not going to be the losers if 22 fails. Drivers and passengers will be.
Buy Lyft Jan 2023 calls and thank me.
The general sentiment of the market right now seems to be negative since pretty much everything is going down. Probably the negative sentiment is just larger for companies that would be more negatively affected by increased COVID.
Rather have Uber fail than Lyft. Lyft prices are always lower than Uber rides by like crazy amounts
How abt uber
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Is it due to raising covid concerns?
Idk that’s why I’m tagging LYFT people. I don’t think that warrants a -10% day on no news.
No one at the lower levels here know either but every post in the Lyft channel is about it LOL