Unicorns — and Their Hedge Fund Investors — Are Under Pressure
The We Company, JUUL, Uber, and Lyft are losing their vaunted statures.
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.