Even hedge funds investing in Lyft don’t believe in its long-term prospects

11:05am PDT - March 28th, 2019    lyft stock - Recode

So many are clamoring for Lyft’s stock that the bankers bringing the company public have raised its price. But that doesn’t mean they think the company will be successful in the long run. Indeed, the hedge funds that are investing in Lyft aren’t particularly …