Home Blockchain News Lyft Drops Below IPO Price: Why Stock Could Snap-Crash or Boom Like Facebook

Lyft Drops Below IPO Price: Why Stock Could Snap-Crash or Boom Like Facebook

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Lyft may not be a social media platform but where its stock price settles, above or below the IPO price, will either draw similarities with Snap Inc or Facebook. On its market debut, investors could have been forgiven for assuming the ride-hailing firm would turn out to be another Facebook (which is currently at $168 against an IPO price of $38) and not Snap (which is currently at $11 against an IPO price of $17) after the stock rallied to $87 from an IPO price of $72. Yesterday, however, the stock closed below $70. Granted, it is still early to

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* First published on ccn.com

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