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Lyft’s Disappointing Debut Looms Large in Uber’s Impending Mega-IPO - The Wall Street Journal

Lyft’s Disappointing Debut Looms Large in Uber’s Impending Mega-IPO - The Wall Street Journal

Uber Technologies Inc., gearing up for its landmark IPO this week, has taken steps to avoid setbacks that turned the debut of ride-sharing rival Lyft Inc. into a disappointment.

Among other things, Uber has trimmed its valuation and is now targeting between roughly $80 billion and $90 billion. That comes as Lyft shares have tumbled more than 20% from their peak the day they started trading in March.

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  • Plastic: The Scourge of Cities Becomes a Resource
  • How Smartphones Sabotage Your Brain’s Ability to Focus
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  • In the Elevator With Waze CEO Noam Bardin
  • Opinion: Fight Erupts In Hong Kong’s Legislative Council
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    Published @ May 5, 2019

    • Lyft’s Disappointing Debut Looms Large in Uber’s Impending Mega-IPO - The Wall Street Journal

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