Lyft Stock: ‘Totally a Success’? Company Has Its Head Stuck in Sand

By CCN: Lyft’s stock remains stuck in the doldrums, trading 22% below its IPO price of $72. Yet, the company appears to have its proverbial head stuck in the sand about its stock market debut flop. Lyft board member Maggie Wilderotter believes the Lyft IPO on the Nasdaq was “totally a success,” she told CNBC. She said the company has its “heads down,” but could it be possible that they’ve really got their heads stuck in the sand? What part of plunging shares does she not understand? According to Wilderotter: “I think it’s totally a success. I think we priced

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source https://www.ccn.com/lyft-stock-success-head-stuck-in-sand

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