Lyft shares drop amid middling Uber market debut
https://www.cnbc.com/2019/05/10/lyft-crashes-amid-middling-uber-market-debut.html
Shares of ride-sharing company Lyft were down as much as 9% on Friday morning amid indications of lower and lower debut pricing for major competitor Uber on the New York Stock Exchange. They're currently down about 4%.
Throughout the morning, indications of Uber's opening trade price dropped from an initial estimate of $46 to $48, until it opened at $42 per share. That's below the $45 price of shares being sold in its initial public offering, and even below the $44 low point of the company's estimated pricing range last week.