The trouble with Lyft’s IPO

Steve Sosnick, Interactive Brokers’ chief strategist, discusses his thoughts on the initial public offering of Lyft, the ride-sharing the unicorn that has attracted a lot of investor attention.

Sosnick urges caution. The company (LYFT) is losing money and there’s no clear path to prosperity. “Keep an eye on the profits, keep an eye on the market leadership and you’ll be better served,” says Sosnick.

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