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966 Lyft Shares Sink on Tepid First Quarter Forecast

The Information
Alex Perry @ The Information · 02/11/2025 19:26 EDT

Lyft Shares Sink on Tepid First Quarter Forecast

Lyft’s stock dropped 11% in after-hours trading after the company forecast gross bookings for its ride-hailing and bike rental business will slow in the current quarter as winter weather and lower pricing weigh on sales. The San Francisco company said revenue for the fourth quarter rose 27% year ...

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