Posts in tag

Uber


In an attempt to soar higher in terms of growth, a few unicorns have decided to go public, only for their hopes to be shattered by their poor IPO performances.   Going downhill Lyft went public last March 29, with their IPO valuation set at $24.30B. Their stock fell quickly to $13B, a sharp decline …

WeWork went from unicorn darling with a nearly US$50 billion valuation to a cautionary tale for gullible investors worth just $8 billion in a matter of months. It did so in part by wrapping its real estate sublet business in the cloak of a tech startup destined to “change the world.” Were investors like SoftBank …