Why Uber’s $100 Billion Valuation is Wildly Bullish for Lyft Stock

Uber’s decision to value itself at $100 billion rocked Lyft stock on Wednesday, causing the embattled rideshare company’s shares to plunge as far as 10%. Contrary to the prevailing narrative, however, a strong Uber IPO would be wildly bullish for Lyft shares. Uber’s $100 Billion Valuation Is a Stupid Reason to Dump Lyft Stock Sell Lyft for whatever reason you like: the dual-class voting structure, the lack of a business model that makes money, or just because you’re an Ub