LUPA stock is the acronym for four companies that went public during the mobile app generation and have become a critical part of the new 21st century economy. All 4 of these companies have either gone public or are considering an IPO in the near future. They represent the fast growing new online technologies that allow users to spend billions of dollars and hours using advanced mobile technology.
L stands for Lyft, the mobile ride sharing company that launched as a competitor to Uber in 2012.
U stands for Uber, the world famous ride sharing & food delivery company that has expanded into other markets into Uber freight, Uber delivery, and Uber Courier services.
P stands for Pinterest, the fast growing photo bulletin website that allows users to pin their favorite photos and create interactive photo collections.
A stands for AirBNB, the world's largest short term rental website that revolutionized the hotel industry by allowing normal people to rent out their house or condo to travelers.
Lyft, the 2nd most popular US ride sharing company based in San Francisco, was originally founded in 2007 as a service of Zimride but then changed its name to Lfyt in 2012. Founders Logan Green and John Zimmer, both computer programmers, launched the company in the summer of 2012 after Green got the idea for Lyft while carpooling to Los Angeles to visit his girlfriend. He wanted to rideshare but also eliminate the risk of not knowing the passenger driver.
Lyft went public on March 29th, 2019 at $72 per share and ended its first trading day with a total market cap of $22 billion. Since then, LYFT stock has continued to fall and currently trades around $29 with an $8 billion market cap. Lyft shares have lost over 60% of their value since IPO.
Uber, the largest ridesharing US company based in San Francisco, was founded in 2009 by Garrett Camp and Travis Kalanick. After Camp and his buddies spent $800 on a private driver, he decided to create Uber as a way to reduce the cost of car transportation. The company grew quickly and became a real alternative to fetching a taxi cab.
Uber went public on May 10th, 2019 at $46 per share and lost 11% on the first trading day setting the record for the biggest first day trading loss in US history.
Pinterst, the photo social networking site based in San Francisco, was founded in 2009 by Ben SIlberman, Paul Sciarra, and Evan Sharp. The company has reached over 300 million users as of August 2019 and filed an IPO on April 18th, 2019. PINS stock IPOed at $19 a share and is currently trading near its IPO price.
The world's most popular short term logding app has caused a big dent into the mobile travel industry. AirBNB was founded in 2008 and transofrmed into a huge travel portal offering both hosts & guests a cheaper , more homey alternative to traditional hotels.