06-04-2019 14:32 via feedproxy.google.com

Inside the Chicago hedge-fund turf war; Goldman Sachs explores plans to create a Netflix for data

 
Dear Readers,
Well, that was quick: A week after Lyft's splashy IPO and shares of the ride-hailing company have already come crashing back to earth. Lyft priced its IPO at $72 a share last Thursday evening and opened the next day at $87.24 a share. After a volatile few days of trading, shares closed at $74.69 as of Friday.
One analyst slapped a sell rating on the company this week and initiated with a $42 price target, nearly half its IPO price.
"In order to justify its current market val
Read more »