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Lyft's founders, owners, managers and employees can't sell their stock (cash out) until lock-up period is over. They can only wait and watch the value of their stock plummet down even further.
An initial public offering (IPO) lock-up period is a contractual restriction preventing insiders who acquired shares of a company's stock before it went public from selling the stock for a stated period of time after it goes public. Although this waiting period varies on a case-by-case basis, it typically ranges from 90 to 180 days after the date of the IPO.
 

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NASDAQ: LYFT
59.90 USD −1.11 (1.83%)
Closed: Apr 12, 7:58 PM EDT · Disclaimer
After hours 59.85 −0.045 (0.075%)
Fat money investors do not buy stocks that don't produce a profit. Why would they?

Yes, a Facebook can lose money for years and then turn a profit through advertising. But, are they willing to take a risk with LYFT? And now UBER?

Prediction: LYFT stock at $40.
 

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