Lyft Inc Class A
47.5453 - 49.03
16.05 - 53.94
Echofin Members Consensus
I am guessing Doordash is a zero and Uber and Lyft are a few cents on the $. AirBNB probably survives maybe even gets 20-30c on the $ from your IPO investment. No wonder Musk has no problems raising money for his Starlink valuation of $92 billion. He actually has a business case, seems thats fairly rare in $10 bill+ IPOs
US Market US closed generally lower yesterday, as concerns over rapidly growing coronavirus cases in the US overshadowed progress towards US stimulus package. Intel dropped 3.4%, amid news reports that Apple was planning to launch a series of new Mac processors in 2021 designed to be faster than Intel’s latest processors. McDonald’s slid 0.9%, after a top broker downgraded its rating on the stock to ‘Equal Weight’ from ‘Overweight’. On the flipside, Eastman Kodak skyrocketed 60.0%, following reports that the company was cleared of any wrong doing in relation to a government loan to produce pharmaceutical ingredients. Palantir Technologies surged 21.3%, amid reports that it was awarded a three-year drug contract valued at $44.4 million by the US Food and Drug Administration. Lyft rose 1.0%, following a rating upgrade on the stock to ‘Overweight’ from ‘Neutral’. The S&P 500 slipped 0.2%, to settle at 3,692.0. The DJIA fell 0.5%, to settle at 30,069.8, while the NASDAQ added 0.4%, to close at 12,520.0. .
US Market Markets closed mostly higher yesterday, buoyed by gains in technology sector stocks and amid progress in the development of a Covid-19 vaccine. Sanmina advanced 4.4%, as the company’s fourth quarter revenue and earnings surpassed analyst expectations. Tencent Music Entertainment Group rose 2.4%, as the company posted better than anticipated third quarter revenue and earnings. Lyft added 1.0%, after the company announced that it was working on a new food delivery service. On the flipside, Lemonade declined 12.2%, despite reporting a narrowed loss in the third quarter. Aurora Cannabis declined 7.7%. The cannabis producing company announced plans to raise $125.0 million through a secondary stock offering. AT&T slid 0.4%, following reports that its WarnerMedia unit is expected to lay off up to 1,750 workers. The S&P 500 gained 0.8%, to settle at 3,572.7. The DJIA fell 0.1%, to settle at 29,397.6, while the NASDAQ added 2%, to close at 11,786.4. .
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