Lyft’s stock has a blue Monday as shares slide after public debut

Om avsnittet

Today, investors took off their rose-colored glasses (and pink-colored mustaches) and looked at Lyft’s shares with fresh eyes after Friday’s ebullient debut. And — judging by the company’s share price at the end of the day — what they saw wasn’t exactly to their liking. Lyft’s shares suffered a pretty blue Monday in trading on the Nasdaq stock exchange today, closing down $9.28 (or 11.85 percent).

Learn more about your ad choices. Visit podcastchoices.com/adchoices

Om avsnittet

Fler avsnitt

Silicon Valley’s AI wunderkind launches Underdog, the most private Instinct/Muse competitor yet; plus, name Ex-Ramp engineers raise $20M for platform Melius

Hot Girl Hotline is like ‘Dear Abby’ for the AI era; plus, after Factory’s public spat with Khosla, Menlo proudly invests

Photon held a funeral for mobile apps; plus, Kevin Mandia’s new ‘agent swarm’ security startup

World’s first enhanced geothermal power plant completed in just 23 months; plus, turning idle car inventory into rental revenue

Factory CEO just accused his VC board adviser of spying for Cognition

Ex-Tesla team raises $12.5M to put supply chains on autopilot; plus, EliseAI raises $350M, doubles valuation to $4B

AMD will acquire Fei-Fei Li’s World Labs for $8.2 billion; Physical AI chip developer SiMa AI hits $1.45B valuation

Ocean surveillance startup Quartermaster raises another $140M

Nexterity wants to automate the hard, dangerous part of pipefitting; plus, Feather is building the ‘Android of robotics’ for developers

Modal Motors is trying to cut China out of electric motors entirely; plus, PitPro’s first tire-changing robot goes live in Canada