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LyftLYFTDON'T BUYSep 27, 2019Stock price when the opinion was issued
As of Jun 18, 2026. Market Open.
It's handling this choppy reopening (i.e. driver shortage) better than Uber. On Friday, a California court just struck down the appeal which states that drivers are freelancers (they are employees, says the judge), so the cost of rides in CA will soar. Despite that, Lyft rebounded today 3% though down more than 15% so far this year. He thinks the stock has bottomed.
Lyft went public just before Uber, and it's well below. It's profitless prosperity. You can get money from investors regardless of making money, without even having potential to make money but at one point the game will be up.