Lyft confirms $600M in new funding at $7.5B valuation

Lyft confirms $600M in new funding at $7.5B valuation
Lyft has confirmed that it hasraised a new roundof funding, bringing in $600 million from a mix of new and existing investors. The latest investment places a $7.5 billion post-money valuation. Investors that contributed to the round include Alliance Bernstein, Baillie Gifford, KKR, and Canada's Public Sector Pension Invesment Board, along with previous backers Rakuten and Janus Capital.(Venture Beat)

 

You know I wonder if I am getting too old for the business of trading. I just don't get this. These valuations that make your head completely spin. I mean they are a big taxi dispatch service. I tip my hat to the founders though.

 

UBER valuation is at $70B but, yes valuations are crazy.

http://www.reuters.com/article/us-uber-valuation-breakingviews-idUSKBN14B23A

 

What do you guys like more Lyft or Uber?

 

Uber alle

seems like they were the original and have a more innovative approach to things. IOW Lyft seems to always play catch up.

 

Wow here we are in 2023 and Lyft is worth half of its 2017 value.

 

bought $10.50 yesterday, hope in 3 months i can make 25%, fingers cross.

 

spread play?

 

%%
LOL\
+almost 50% drawdown in one week\ good thing they named it ''Lyft''
Let see if the parabolic stop + reverse buy holds @10.38+/;
not so far/ but looking better for the bulls@ close this week