A column on barrons.com as Lyft was preparing to launch its IPO contained the following advice: The

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A column on barrons.com as Lyft was preparing to launch its IPO contained the following advice: “The Lyft IPO is sure to create excitement as other tech unicorns prepare to follow it to market. Investors should stand back on the curb until there is a clear road to profitability.”
a. What is a “tech unicorn”?
b. What does the columnist mean by “a clear road to profitability”? What challenges did Lyft face in becoming profitable?

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Macroeconomics

ISBN: 9780135801741

8th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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