Lyft Stock Plunges Unlisted Video

Business Insider reports that Lyft shares fell on Friday.
The fall in stock price comes after Lyft's chief rival, Uber, officially filed to go public the evening prior.
How does Uber's IPO effect Lyft's stock price?
Cautious analysts covering Lyft said competition in the ride-hailing space has caused investors to be concerned about the stock.
Lyft now stands at $58.00 a share.