The models are broken
The market is trying to get back to the pre-Covid and pre-war times, but that model is broken. A new dawn is here and the financial world needs to adapt.
Steen Jakobsen,
Chief Investment Officer
Head of Equity Strategy
Summary: Things aren't always as they appear at first glance. Lyft, the ride-sharing app, has updated its IPO regulatory filing but the detail this contains actually reduces the attractiveness of its upcoming launch.