I’m skeptical about Lyft as a longer-term investment

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Lyft, the ridesharing company set to hit public markets Friday, will be a good stock to buy in the short term but it has challenges in the long run, CNBC’s Jim Cramer said Friday.

“I think Lyft is exactly the kind of stock that can work in this slower growth environment, but you need to be careful with these fresh-faced IPOs,” the “Mad Money” host said. “Short term, I’m betting this turns out to be a good trade, but as…

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