Lyft shares lift off in IPO, then lose speed
Despite losing billions of dollars, the ridesharing company is now worth more than some of the biggest U.S. airlines
Kate Gibson is a Reporter for CBS MoneyWatch in New York, where she covers business and consumer finance. She previously worked for CNBC and MarketWatch and has written for national news outlets, including Barron's, the Wall Street Journal and the Chicago Tribune.
Despite losing billions of dollars, the ridesharing company is now worth more than some of the biggest U.S. airlines
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It could get a valuation of $5.8 billion, thanks to investor interest in a well-run apparel company that isn't Nike