The Irrational Exuberance Of Lyft's IPO: Will The Bubble Burst?

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. Investment by US venture capitalists reached an The emphasis on growth over profitability is extending to public capital markets as well. During the first three quarters of 2018, an The root cause of the chronic losses in this sector lies in multiple flaws in the ridesharing business model. Ridesharing companies offer undifferentiated services, and face low barriers to entry, low customer and driver switching costs, high variable costs, low economies of scale, limited network effects, slowing demand, fraught economics in adjacent last-mile delivery businesses, and considerable regulatory and legal risk.

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jimcramer CNBC 247WallSt Hmm... Is this 1999 all over a gain? 🤔

Patience and fundamentals are a thing of the past.

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The Irrational Exuberance Of Lyft's IPO: Will The Bubble Burst?Ridesharing pioneer Lyft will begin trading as a public company on Friday at a market value expected to exceed $22 billion, kicking off a wave of money-losing tech IPO’s likely to include Uber, Pinterest, Postmates, and Slack. Are we entering another era of irrational exuberance? I would not go public. americans want it faster bigger and cheaper, nazin wrong with it.
Source: Forbes - 🏆 394. / 53 Read more »