So some big companies are about to become public. Big in terms of brand awareness and not profit.
Uber and Lyft are the 2 next companies that are set to launch their IPOs later on this year. (I beleive Lyft will be this month). However, BOTH companies have never made a profit? Yet, there are alot of eyes set on buying stock from these companies.
Why is that? Would you buy stock from Uber or Lyft?
This is definitely very good information to have.
I think people tend to get caught up with thinking of these companies in terms of becoming big like Amazon or Google.
While I have no doubt these companies stand a chance of becoming big, one should really do a lot of research before making an investment and not just invest based on pure emotion.
I think brands do try to ‘trade’ on their popularity rather than performance and unfortunately people will hear the name & think it is a great thing to get in on ‘at the ground floor’ hoping that it will be the next big thing.
I won’t be investing in it.
