Ride sharing company Lyft went public on Friday. The stock price jumped
as much as 23 percent, before falling to a gain of 9 percent. Today, the
stock took a nose dive,
dropping 11 percent, trading below its initial offering price. Lyft has
yet to earn a profit, and recorded a loss of more than $900 million
during 2018. How the Lyft IPO affects the decision to go public for
other tech companies like Uber, Slack, and Pinterest is yet to be seen.