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Why companies like Lyft and Uber are going public without having profits
- dvtrn 8y agoSubheading from midway through the article asks a better question than the headline does: "Why would people invest in unprofitable IPOs?"
- howard941 8y agoCurrent ownership doesn't expect additional upside for staying in so it's getting out while the getting's good.
- ganeshkrishnan 8y agoIt's the theory of greater fool. The investors need their 20x return back and who better than the general public who will buy up these shares. It's a musical chair on a grand scale