Is Investing in Rideshares a Good Idea?
IF THE IPOs of Uber Technologies (ticker: UBER) and Lyft (LYFT) were Uber or Lyft drivers … well, you know the drill: stopping in the middle of a busy street without flashers, cutting off pedestrians and shedding someone’s driver-side mirror after making an illegal right turn and circling the block mindlessly at 5 miles per hour for five minutes, oblivious to the honking horns behind them.
In fact, the debuts proved so ignominious, they made some investors feel like ignoramuses – though no market player should beat themselves up at this early a stage. To be sure, public perception has played a factor in evaluating how each company fared.
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