Lyft confirms $600M in new funding at $7.5B valuation

[dealmaker]

Lyft confirms $600M in new funding at $7.5B valuation
Lyft has confirmed that it hasraised a new roundof funding, bringing in $600 million from a mix of new and existing investors. The latest investment places a $7.5 billion post-money valuation. Investors that contributed to the round include Alliance Bernstein, Baillie Gifford, KKR, and Canada's Public Sector Pension Invesment Board, along with previous backers Rakuten and Janus Capital.(Venture Beat)

 

[Gambitman]

You know I wonder if I am getting too old for the business of trading. I just don't get this. These valuations that make your head completely spin. I mean they are a big taxi dispatch service. I tip my hat to the founders though.

 

[dealmaker]

You know I wonder if I am getting too old for the business of trading. I just don't get this. These valuations that make your head completely spin. I mean they are a big taxi dispatch service. I tip my hat to the founders though.

UBER valuation is at $70B but, yes valuations are crazy.

http://www.reuters.com/article/us-uber-valuation-breakingviews-idUSKBN14B23A

 

[felixbocharov]

What do you guys like more Lyft or Uber?

 

[Cuddles]

Uber alle

seems like they were the original and have a more innovative approach to things. IOW Lyft seems to always play catch up.

 

[Gambitman]

Wow here we are in 2023 and Lyft is worth half of its 2017 value.

 

[mervyn]

bought $10.50 yesterday, hope in 3 months i can make 25%, fingers cross.

 

[hilmy83]

spread play?

 

[murray t turtle]

Wow here we are in 2023 and Lyft is worth half of its 2017 value.

%%
LOL\
+almost 50% drawdown in one week\ good thing they named it ''Lyft''
Let see if the parabolic stop + reverse buy holds @10.38+/;
not so far/ but looking better for the bulls@ close this week