1. Unicorns Aren't That Rare Anymore, and Shareholders are Demanding More Control

    Unicorns Aren't That Rare Anymore, and Shareholders are Demanding More Control

    More and more unicorns are galloping toward the stock exchanges, and it isn't always a smooth ride. Short-term volatility may be typical, as Lyft ( LYFT shareholders learned last week in the stock's first full week of trading. But there are deeper tensions beneath the surface, and their implications for investors are coming more clearly into focus...

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    1. I certainly think they will need to get used to it.
    2. Seven or more years out from their IPOs, firms with perpetual dual-class stock trade at a significant discount to those with sunset provisions.
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