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uber/lyft

Lyft Stock Collapses After Q1 Report

By
Martin Peers
· · Source: The Information

Lyft reported 44% higher revenue of $875.6 million for the first quarter, noting that its ride-sharing business had picked up through the quarter after some weakness in January due to the Omicron variant of Covid. But the revenue was still below pre-Covid levels. Executives said they expected demand to improve in the second half of the year, which turned off investors. In after-hours trading,...

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