Lyft’s tumbling stock is a worrying sign for other IPO-bound unicorns

Lyft’s tumbling stock is a worrying sign for other IPO-bound unicorns

Photo by Thought Catalog on Unsplash

Lyft Inc. closed its second day of trading 4.2 percent below its $72 public offering price, an ominous sign for the stampede of unicorn companies planning to follow the ride-hailing business to the stock markets this year.

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