Unicorns — and Their Hedge Fund Investors — Are Under Pressure

The We Company, JUUL, Uber, and Lyft are losing their vaunted statures.

(Keith Bedford/Bloomberg)

(Keith Bedford/Bloomberg)

Unicorns are starting to lose some of their glamour and quite possibly their lofty valuations.

Several of these private companies with valuations exceeding $1 billion are experiencing attacks on their business models or other challenges.

Hedge fund firms are among the most prominent investors in some unicorns.


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