Lyft faces first major test Unlisted Video
5 years ago
111
Lyft Inc’s first quarterly report was released on Tuesday.
The report is expected to show investors its growth possibilities and competitive strength against rival Uber.
In March, the company beat Uber Technologies Inc to the market, but its stock has slipped below the IPO price of $72.
The stock has dropped because of concerns about Lyft's ability to actually make a profit.
Lyft is trying to win back investors.
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