Lyft Conceals Key Data to ‘Avoid Investor Confusion’ as Stock Withers

2019-5-9 01:10

By CCN: Lyft’s first earnings report was downright ugly, and not just because the company lost $1 billion in a single quarter. Investors expected a less-than-stellar balance sheet, but it was the backhanded slap in the face a company executive delivered to investors that leaves questions about the rideshare darling’s transparency.

Hey Investors, Lyft Knows What’s Best for You! When asked about why gross booking trends weren’t included in the earnings press release, Lyft CEO Logan Green said: “So, our historical business was virtually entirely a ride-sharing marketplace” “We’re now aggressively investing in new areas including those where revenue equals

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Lyft Stock Surges 20% after IPO – This Analyst Warns Investors to Run

By CCN. com: Lyft is now a publicly traded company, and retail investors are clamoring for a slice. Shares roared at the open to $87, considerably higher than the $72 sale price. This 20% bump is an impressive showing, but is it enough to make Lyft a strong buy? Retail Investors Pile into Lyft after Friday IPO Already, the stock has given up 8% of these gains and is threatening a break below $80.

2019-3-30 20:28


American Success Story or Impending Disaster? Experts Wary of Lyft’s IPO

The story of Lyft’s rise to glory is quite a tale. The ride-hailing service filed to go public on Friday with a potential valuation of $20 billion to $25 billion, with a familiar prospectus which shows rising revenue which could one day turn into immense future profits as well as overall losses which could send the company under without a cash injection.

2019-3-4 18:32


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Lyft's Loss Could Have Been Worse, Investors Throw the Stock a Lifeline

Lyft delivered second-quarter earnings on Wednesday. Losses were still gigantic although a bit less than expected. The rest of the news was mostly bad but with a few bright points. Let’s parse the most important numbers to see what Lyft is telling us and where the stock may go from here.

Lyft’s Loss Could Have Been Worse, Investors Throw the Stock a Lifeline

Lyft delivered second-quarter earnings on Wednesday. Losses were still gigantic although a bit less than expected. The rest of the news was mostly bad but with a few bright points. Let’s parse the most important numbers to see what Lyft is telling us and where the stock may go from here.

Beware: Lyft’s Car Rental Program Is a Sucker’s Bet for Drivers

By CCN: One of the earliest scams in the rideshare world was providing cars to drivers who didn’t have one or couldn’t afford one. It was particularly insidious early on because Uber was touting salaries of $96,000 a year for its drivers (which turned out to be nonsense).