Dude… Can You Give Me a Lyft?

Lyft, Inc. (LYFT) became a publicly held company on March 29. The IPO price was $72 a share which gave the company a market capitalization of about $24.3 billion dollars. Not too shabby for a company that loses about $1 billion a year.  We think the LYFT story is likely to get the same scrutiny and debate as TESLA and this makes for interesting trading opportunities.

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