Uber and Lyft have overtones of the wacky days of the dot-com bubble, when sketchy business plans and big losses were an active selling point. The obvious difference between the 1999-2000 boom and the current wave of technology IPOs is how badly this year’s high-profile debuts, Uber and Lyft, performed. Uber plummeted on Friday after ringing the NYSE opening bell and plunged again on Monday to leave it 18% below the $45 IPO price. Lyft has dived a third below its offering price. Such performance was vanishingly rare during...

Source: Wall Street Journal May 14, 2019 10:00 UTC