Uber should be very happy with Lyft's IPO result

Uber should be very happy with Lyft's IPO result

Lyft started trading earlier today and already up 20%, market cap close to $30B.

Market open performance of Lyft’s IPO

Market open performance of Lyft’s IPO

Given that Lyft has pretty ugly unit economy, Uber and its investors should be very happy now as the market has proved to favor growth more than anything. I think it’s safe to say now that Uber will be at least $100B, if not the $120B the banker talked about initially.

Downturn, what downturn?

"Why and How Capitalism Needs to Be Reformed" by Ray Dalio

"We may never achieve profitability..."