Ygal Arounian is a Managing Director of Equity Research Analyst covering internet and media stocks with a focus on ecommerce and internet enabled commerce. He brings his 10+ years as a research associate and media buyer into his new role at Wedbush Securities. Before joining Wedbush, Ygal spent over six years with BMO Capital Markets and three with Universal McCann. In his time with BMO, Ygal covered the internet, media and advertising & marketing services industries. He was instrumental in expanding the firm’s internet and media coverage including Facebook, LinkedIn, Twitter, Netflix, Disney, 21st Century Fox and more.
COMPANIES UNDER COVERAGE
Alphabet (GOOGL)
ANGI Home Services (ANGI)
BigCommerce (BIGC)
eBay, Inc. (EBAY)
Etsy, Inc. (ETSY)
Facebook (FB)
Godaddy, Inc. (GDDY)
Groupon, Inc. (GRPN)
IAC/InterActivecorp (IAC)
Lyft, Inc. (LYFT)
Marketwise Inc. (MKTW)
Match Group Inc. (MTCH)
Opendoor Technologies (OPEN)
Overstock.com, Inc. (OSTK)
Pinterest, Inc. (PINS)
Porch Group (PRCH)
Redfin Corporation (RDFN)
Rocket Compnaies (RKT)
Shopify, Inc. (SHOP)
Snap, Inc. (SNAP)
Squarespace Inc. (SQSP)
Twitter (TWTR)
Uber Technologies, Inc. (UBER)
Wix.com (WIX)
Yelp (YELP)
Zillow Group, Inc. (ZG)
Ride-hailing service Lyft is set to become a publicly traded company on Friday, in a highly anticipated IPO. Here's what you need to know.
S&P Global Market Intelligence
“There’s certainly a lot of risk around demand around rideshare for the near term. But we do think that has been accounted for in estimates and certainly we, at the beginning of this took down our estimates significantly. We’re still modeling demand to be down 60-70%. What Uber and Lyft have both done, which I think positions them well coming out of this, if you take a bit of a longer-term picture and once demand does start improving they could really right size their companies…,” on TDAN’s Market on Close.
“The Street was bracing for worse on 1Q and overall cost cuts/road to profitability was some relative good news in a dark time,” for Reuters.
“Pinterest might be relatively insulated due to its category exposure. Unlike Facebook, and Alphabet, Pinterest isn’t as reliant on bricks-and-mortar small businesses, and the company is less exposed to categories like automotive and travel ads,” for MarketWatch.