Does LYFT remind you of SNAP?
Lyft was founded in 2012, and it generated more than two billion dollars in revenues last year.
Still, there are also some striking throwbacks, beginning with the fact that Lyft is losing a great deal of money: $911.3 million last year, $688.3 million in 2017, and $682.8 million in 2016. That’s almost $2.3 billion in three years. Therefore, In my opinion LYFT stock is over priced and as of right now the valuation is really high.
UBER will be going public soon and it's 5 times bigger than LYFT and has an international presence. I would suggest new investors to not fall in the trap and wait till UBER goes public.
