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Uber IPO

Personally I wouldn’t touch the Lyft or Uber IPOs with a ten-foot pole. They’re both companies that haven’t made any significant profits and are largely reliant on new investor money coming into the business just to stay afloat.

If they do eventually turn around and become profitable then maybe I’d reconsider but I see no reason to rush into a decision by buying at the IPO price. If something is a good investment today it’ll still be a good investment in 5 years.

By Kyle Piira

I'm a computer science student at the University of Massachusetts and the founder of the Hoxly Corporation.

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