The current environment is negative for tech stocks. The rising interest rates make capital more expensive, while inflation reduces the consumer’s ability to buy companies’ products. Such factors have sent tech stocks plummeting, and fintech pioneer PayPal (PYPL -2.49%) didn’t escape the trend. Nonetheless, PayPal’s business model could actually benefit …
Read More »Lyft IPO Investors Seek Class Status in Suit Over Uber Price War
Lyft Inc. asked a California state court judge Thursday to deny class certification to a group of investors in its initial public offering who allege the ride-hailing company misled them about its market share. The company’s lawyers said the proposed class was already represented by a previously-certified class in a …
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