Hello and welcome to an Equity Shot, a short-form episode of the show where we dive into a single breaking news story. Guess what we're talking about today?! It's Lyft. You guessed correctly.

The Lyft S-1 is the very first major S-1 event of 2019. As you might recall, the government shutdown gummed the IPO process by halting the Securities and Exchange Commission, an agency that plays the most active role in helping a company go public. Now the government is open, and Lyft's formerly private filing is now a public filing.