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There’s Unicorn Blood in the Streets

While it’s not an endangered species yet, trouble at Lyft, WeWork, and Peloton shows vigilantes are thinning the herd.

Bloomberg Businessweek cites recent research by Joan Farre-Mensa, Associate Professor of Finance, about deregulation efforts in the investing industry in the 1990s and drawls parrells to the so called “unicorns (the nickname used for startups with private valuations of $1 billion or more) that are losing large amounts of money.”