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MILE - What's the Deal With Lemonade's Acquisition of Metromile?
Metromile Inc.
When Lemonade (NYSE: LMND) announced in November that it would be acquiring Metromile (NASDAQ: MILE) , investors' response to the deal was decidedly mixed. Like many growth stocks in recent months, shares of Lemonade have fallen considerably from their all-time high. Currently, the stock is trading down by nearly 80% from one year ago.
What should investors think of this deal? In this segment of Backstage Pass , recorded on Dec. 17 , Fool.com contributors Toby Bordelon, Jason Hall, and Lou Whiteman discuss.