Wednesday, May 8, 2019

Lyft sees 'peak losses' this year, says ride hailing has path to profit

Ride services company Lyft Inc forecast that its losses would peak this year as it controlled expenses and got more revenue from each customer, posting a $1.1 billion quarterly loss on Tuesday, days ahead of rival Uber's IPO.


from Reuters: Money News https://reut.rs/302PqMZ

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