One analyst who recently initiated Lyft coverage said it could turn a profit at some point, estimating a seven-year time horizon is likely.
," meaning it generates value from the fundamental units that make up its whole operation: rides and riders.
"We acknowledge that the company hasn't provided many of the necessary inputs to precisely calculate the unit economics, but we see our analysis as illustrative and within the ballpark."
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On Tax Day, here’s a tale of two returns — one nasty and one niceTax-return stories this year go from ‘great expectations’ to ‘bleak house.’
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Uber says it fixed electric bikes that had similar problems to bikes Lyft recalledUber acknowledged Monday that it modified some of its electric bikes recently after the company encountered a braking problem similar to the one that prompted rival Lyft to recall its own electric bikes in several cities over the weekend.
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Lyft sinks to a fresh low — is now down 35% in post-IPO plungeLyft shares fell to a fresh low on Monday. The stock has fallen 35% from where it began trading.
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Stocks making the biggest moves midday: Spotify, Lyft, Waste Management & moreThese are the stocks posting the largest moves midday Monday.
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Google steers Uber and Lyft from the back seatThe search giant’s parent Alphabet has multiplied its investment in the two ride-hailing apps, and reaped $1 bln in maps and marketing spend. Uber and Lyft’s rivalry will keep filling Google’s tank with ad dollars, even as Alphabet’s self-driving tech threatens their existence.
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Amid growing concern over ride-share safety, Lyft announces new security featuresJust weeks after the death of a University of South Carolina student who was killed after getting into a car that she believed was her Uber, other ride-share companies are increasing their security features.
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