Home Blockchain News American Success Story or Impending Disaster? Experts Wary of Lyft’s IPO

American Success Story or Impending Disaster? Experts Wary of Lyft’s IPO

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The story of Lyft’s rise to glory is quite a tale. The ride-hailing service filed to go public on Friday with a potential valuation of $20 billion to $25 billion, with a familiar prospectus which shows rising revenue which could one day turn into immense future profits as well as overall losses which could send the company under without a cash injection. The path to success was hard fought for Lyft, and many market analysts have warned prospective investors to exercise caution and think carefully before investing in the company’s stock, citing major issues in the business model and voting

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