Uber Alles

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The IPO everyone, and I mean everyone, was talking about last week was LYFT. I haven’t seen this much excitement over an IPO, especially among millennials, since the SNAP IPO. As a reminder, here’s SNAP until its recent recovery:

slopechart SNAP

I chimed in on the LYFT IPO as well, although in a less enthusiastic way (interestingly, this was my most-Liked tweet ever, I think):


Anyway, I did try, but no one listened. The buy-at-open orders flooded in Friday morning, and even though the stock has been a public company for literally 8 trading hours at this point, it’s down almost 20%.