LYFT Mania is Wall Street’s Dead Canary

April 8, 2019 Recently, Wall Street has been myopically focused on the IPO of a ride-sharing company called Lyft, which by the way, is hemorrhaging money. Since investors have become much less concerned about profits and valuations, this offering was an incredible 20 times oversubscribed. Meaning, the underwriters received $47 billion of orders for Lyft…