A column on barrons.com as Lyft was preparing to launch its IPO contained the following advice: The
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A column on barrons.com as Lyft was preparing to launch its IPO contained the following advice: “The Lyft IPO is sure to create excitement as other tech unicorns prepare to follow it to market. Investors should stand back on the curb until there is a clear road to profitability.”
a. What is a “tech unicorn”?
b. What does the columnist mean by “a clear road to profitability”? What challenges did Lyft face in becoming profitable?
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a A tech unicorn is a term used to describe a privatelyheld technology company that has reached a valuation of 1 billion or more These companies are t...View the full answer
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