Why companies like Lyft and Uber are going public without having profits – Recode

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Why companies like Lyft and Uber are going public without having profits  Recode

Lyft filed paperwork to become a public company last week, with a valuation of $15 billion. But the ride-sharing company is still deeply unprofitable.

source https://www.recode.net/2019/3/6/18249997/lyft-uber-ipo-public-profit

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