Lyft IPO
Will you be buying Lyft stocks tomorrow? The starting price is set as $72
I hear mixed feelings here and there. Some people say it’s targeting $100, some say it tanks right away... I will enjoy the show!
Pump and dump scheme. Once investors make 20-30%, will pull out after the second earnings call sending the shares tumbling to 40.
This guy fucks
🍆
Staying far away from this tomorrow.
Short call credit spreads at like $90 strike after initial pop. This will be $50 in 6 months. GM is selling their stake in Lyft
Coming back to earth at $7. This will do a Blue Apron. The IPO is way premature.
Why do you say that the IPO is premature? The businesses model is pretty clear: they will continue to lose money trying to gain market share and undercut cabs and other ride share companies. The only direction for the stock is down.
Unless they can carve out a path to profitability or expansion, it’s premature. If I’m an investor, I’m screaming to get out now before the next recession.
This going to touch to $40 in 6 months and then will think about it whether to buy or not