1 Question Lemonade Has to Answer
If the last decade was all about the cloud and advances in high-end computing, then the next decade will see many new businesses emerge making use of these new technologies -- with the COVID-19 crisis acting as a catalyst to speed up adoption among consumers. On the insurance front, Lemonade (NYSE: LMND) aims to be just such a company.
Lemonade is a fast-growing AI-enhanced insurance company, founded in 2015 and newly public as of July. But the growth story isn't the question here. It's about whether the company can reach a profitable scale before it runs out of cash. My bet is that the upstart will be successful.
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Source Fool.com
