10 things eft’s been reading this week
The changing fortunes in the unicorn herd
Unicorns, those recently-founded companies that pass $1 billion in valuation, are being created at an astounding rate. However, just because they’re up one minute doesn’t mean that trajectory will last forever. This week we look at some of those that broke unicorn status a while back and ask whether they can keep the confidence of investors in the face of mounting losses? Then we have a look at some of those muscling their way into and through the herd to see how transport, mobility and logistics might be shaped by those seeing their stars rise as well as fall.
Lyft lost more than $1 billion last quarter. [CNN Business]
Tesla is 'structurally unprofitable', analysts say. [the Telegraph]
Why Tesla and Uber are 'black holes' for your money. [Financial Review]
Jumia builds powerful brand as Africa’s first unicorn. [African Business]
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