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RISE - Peter Schiff: Capitalism Isn't The Problem Here
ETF Managers Sit Rising Rate ETF
By SchiffGold
How are all of these unprofitable companies staying afloat and even making big splashes with media-hyped IPOs?
Peter Schiff addressed this question, along with the supposed "failure" of capitalism, in his most recent podcast.
The rideshare company Lyft ([[LYFT]]) had its lowest close since going public yesterday (April 9). In fact, the company has only closed above its IPO price twice - the day it went public and last Friday. This probably shouldn't shock anybody, given that the company has never turned a profit.
Meanwhile, social media company Pinterest ([[PINS]]) is gearing up