Lyft Posts Big Gains in Public Debut As It Continues to Lose Money - Traveller's connect

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Sunday, 31 March 2019

Lyft Posts Big Gains in Public Debut As It Continues to Lose Money

Bloomberg

The ride-sharing company Lyft celebrating its initial public offering on Friday. It now has a market value of a market value of about $22.4 billion. Bloomberg



Skift Take: Lyft lost $911 million on revenues of $2.2 billion last year. Yet its stock closed up more than 8 percent on the day of its IPO. What a world.

— Brian Sumers

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