Lyft Inc. on Friday publicly filed its prospectus for an initial public offering with the Securities and Exchange Commission. Lyft expects to list on the Nasdaq under the ticker symbol "LYFT." The company posted revenue of $2.2 billion in 2018, up from 1.1 billion in 2017 and $343 million in 2016. Lyft's net loss swelled to $911 million in 2018, compared with $688 million a year prior. Bookings climbed to $8.1 billion from $4.6 billion in 2017. The company had 30.
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Revenue growth and bookings have almost doubled YOY, yet losses are growing? WTF?
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Lyft and Uber will let some drivers get stock at the IPO priceThe competing ride-hailing companies have worked out cash bonus programs which will allow some qualified drivers to buy company stock before it pops on the public markets, according to the Wall Street Journal. Time to become an Uber driver! Wow, them dumping on employees is article worthy?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Lyft kicks off 2019 unicorn IPO spree with public S-1The countdown begins for Lyft's big IPO now that the company has officially filed its public S-1. Here's what was revealed in the filing.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Lyft reveals financial details ahead of its IPORide-hailing giant Lyft releases financial details in a federal filing before it begins selling its stock to the public. The company said its revenue grew from $343.3 million in 2016 to $1.1 billion in 2017 and $2.2 billion in 2018. Lyfting up expectations F uber... But, how much money did they lose?
Source: AP - 🏆 728. / 51 Read more »
It's Official: Lyft Files To Go PublicLyft's revenue doubled in 2018, but its losses also grew.
Source: Forbes - 🏆 394. / 53 Read more »
It's Official: Lyft Files To Go PublicLyft's revenue doubled in 2018, but its losses also grew.
Source: Forbes - 🏆 394. / 53 Read more »
Lyft plans to spend $300 million on Amazon Web Services through 2021Lyft has signed up to pay Amazon Web Services at least $80 million per year for the next three years, totaling at least $300 million. The billionaire introverted cypher INTJs wish to mastermind by Christ Icarus (eye colors) colornation coronation. uberrewards enjoyed Palestine's 007, 747 boeing boing bing as u lift and Tarzan flirt?
Source: CNBC - 🏆 12. / 72 Read more »
Lyft just dropped its filing to go public, revealing financials for the first timeLyft is likely to be among the first of a hefty class of 2019 public offerings. Shouldn’t this read as ‘billions’? LeProfElkadi
Source: CNBC - 🏆 12. / 72 Read more »
Lyft lost $911 million on $2.1 billion last year, sees revenue growing faster than lossesLyft is the first of the major unicorns to flip its IPO to be disclosed so that people can review it, revealing a $15 billion private valuation. 👶 The Lyft IPO only means one ☝️ thing. They are out of money and need new suckers to pay back their early investors 😉 Ponziassets
Source: CNBC - 🏆 12. / 72 Read more »
L.A. County weighs a tax on Uber and Lyft to curb traffic congestionMetro officials will vote Thursday on whether to study taxing Uber and Lyft rides that start in Los Angeles County. A 20-cent fee on each trip could bring in $401 million over a decade for transportation projects, while a $2.75 fee on such trips could raise $5.5 billion, according to Metro. The Metropolitan Transportation Authority’s board of directors are scheduled to vote Thursday on whether to approve a study of the ride-hailing tax. They will also consider approving a study on congestion pricing. 😂😂😂😂 “Rideshare” apps were initially pushed as a solution to traffic congestion. Seems Uber and lyft are actually eliminating traffic....This looks like a shakedown
Source: latimes - 🏆 11. / 82 Read more »