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Jim Cramer: The Unicorns should learn from the botched Lyft IPO

CNBC Television 23 views

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You’ll run down your transmission before Uber/Lyft budge on better driver rates They are effectively cashing in on the value of your life and car Thank you next!😈
Comment from : @JoseSandoval-jm5sw

Watch the government bail these guys out smh Watch how unemployment rates drop after these guys fire all the Lyft drivers
Comment from : @RT-rm9vb

Cramer said "good price"piece of s&*t stock at this pricemaybe 20 is a good price
Comment from : @izuaff04

Only one thing to learn from this, treat your contractors like human beings or your companies shall perish DUH
Comment from : @David-nk5ey

It never fails Do the opposite of what this idiot Cramer says😂
Comment from : @lennymulrooney6738

Cramer's an idiot, even when wrong he'll never own it
Comment from : @lockhamj

Maybe it shouldn't be allowed to short a stock for the first few weeks of launch
Comment from : @siddhantdand5376

I wonder what Cramer’s portfolio looks like? 🤣🤣🤣🤣
Comment from : @wolfofives5758

Lyft is great for drivers Giving more percentage for driversUber steals a high stake from each ridebrI wish Lyft to be profitable with the same current systembrUbers has more customers, hope it'll turn around someday Thanks LyftbrWe love you You are a great help to common American drivers
Comment from : @ajujosephkailath7596

All I see here is early investors cashing in and backing out while LYFT is at it's peak, it's all downhill from here
Comment from : @tubs6199

Just to remind people a week before this video Cramer was still rating Lyft as a buy at $90 ( check other cnbc videos)Just tells you he’s either completely incompetent or is a real crook
Comment from : @erikson024

Lyft is ponzi scheme
Comment from : @devilrider9991

Meanwhile founders of company continue to sell and become rich Bastards of silicon valley They've been cheating drivers for years now they want to jack the public
Comment from : @davidbrown8635

These investors know it's unsustainable so their solution is to dump it to the public fish in some suckers
Comment from : @davidbrown8635

What did I say David Brown "9000 Rides" This stock will tumble to $10 in 8 months
Comment from : @davidbrown8635

Who the phluk wants to buy a bleeding company? It needs to 1 Make money first and 2 Fall below 5 dollars
Comment from : @michaeld2176

These companies have come,and fucked up a lucrative industry,and can't figure out how to make a profit
Comment from : @King_SHANG_Presents

He is going to take the D folks
Comment from : @pedrohernandezjr4340

Problem is marketing
Comment from : @Greats987

Lyft will be highly profitable by 2075
Comment from : @blanket1309

Doing an IPO on a strictly service business that is not profitable and the "experts" are surprised it tanks Ok
Comment from : @leonardfreid1348

Omg whole world is dumping Lyft, I love this guy, every time he bullish on any stocks , they just tank next few weeks, if he bearish, you know what I mean, sell your house and buy this stock, Lyft to the moon
Comment from : @EducatedCapy

They like the companies because they fucking use lyft or Uber I hate this guy
Comment from : @KarmaSwiss

Sorkin: "Why not stay private"brbrbrUhhh for money Thanks for doxxing your IQ
Comment from : @joeface03

Lol, I roasted his ass on twitter brIt's all good JC We all miss trades
Comment from : @joeface03

It is sad that other CNBC employees have to work with this pig Fortunately karma usually takes care of such pieces of crap
Comment from : @breeseholden9921

Jim Cramer should be in prison
Comment from : @breeseholden9921

What value/metric do stocks with no profits trade based upon?
Comment from : @CIA_Is_aTerrorist_Orginization

LYFT and UBER won't be a duopoly for long because if transportation as a service grows large enough, Google and Tesla will beat the shit out of their revenue models with self driving vehicles
Comment from : @PrimeDrift

Silicon Valley understands how to get high valuations, they screw the retail investors
Comment from : @esquire9445

Market is right in punishing the stock that has zero moat with no pricing power
Comment from : @gurusukh

it doesn't matter if you have "growth" if you lose $1 for every $2 in revenue and especially when economies of scale doesn't work
Comment from : @dannyb8209

6:22-6:34 sounds a heck of a lot like the dotcom crash
Comment from : @lucboeschpowers

they don't have any plans to make profits for at least next 7 years and the world will be a different place after such a long time!
Comment from : @paigam17

Jim's going to take the D hey
Comment from : @Acumen928

Another case of retail investors getting screwed
Comment from : @corybrunson4809

All lyft and Uber are is an app company They have nothing unique Once something like Tesla autonomous cars come online, Lyft and Uber die very fast They have no control in long run
Comment from : @nicop6750

Cramer just retire already Thank you (- Entire Universe)
Comment from : @xploit811

I'm first time listening to Cramer Is this guy a jerk? LYFT ipo is classic pump and dump pulled off by early investors
Comment from : @sandysutb

Its worth about 379
Comment from : @dionyagoobi1698

buy @ $2000
Comment from : @bluebayou4822

2:52 It's not because of rideshare but rather unlicensed taxi service under brands And you forget to account for taxi service which is the same
Comment from : @AriVovp

I am on a mission here because Cramer you are pushing your own books far too much my dude and are going to really hurt regular people Look at the things Cramer named as comparisons guys: Twilio, Okta These are cloud companies with zero marginal cost of production This is why they have 75 gross margins Lyft in contrast has to pay drivers, insurance, and has to hand out fat incentive packages (10 off rides, 30 off rides) to get people to use its service Lyft has zero pricing power When it raises prices people switch to Uber or other means of transportation No one is just switching on and off Twilio and Okta depending on daily price fluctuations and again these companies have zero marginal cost on their subscriptions Cramer is making the most disingenuous arguments and it is because he has shares, they are under water, and he is talking his books rather than what is right Do not follow him on this This is not a safe investment
Comment from : @benbrewer2993