HomeInvestingEarningsLYFT Earnings Alert: Not Even Tailgating Uber

LYFT Earnings Alert: Not Even Tailgating Uber

LYFT stock price is down around 30% post earnings. Active riders were up 9% on an annual basis and revenue per active rider was also up. "Lyft does not have food delivery or logistics, transportation, or pure ride-based business. The challenge for Lyft is that the company is losing money. When the investor money flows to Uber, does that limit Lyft's option's for financing? The revenue per rider is increasing because of inflation, but the company has to deal with operating efficiencies," says George Tsilis.

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