Lyft and Uber Were Duds, but the I.P.O. Market Is Having a Great Year
Uber and Lyft were the largest and most anticipated of the parade of highly valued tech companies to have gone public this year. They were also the biggest flops.
Their struggles cast a shadow over the market and raised further questions about investors’ appetite for the offerings of the so-called unicorns who had yet to go public.
Read more here: https://www.nytimes.com/2019/06/24/business/dealbook/slack-lyft-uber-performance.html