Competition is always good for the consumer.
I can't believe there's a market for a company that brings in over 2 billion dollars gross but spends nearly 3 billion to get there.
How much profit has it ever made?
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Lyft IPO: 5 things the ride-hailing company just revealedLyft Inc. appears poised to beat rival Uber Technologies Inc. to an initial public offering after filings its paperwork Friday, and that’s important for a number of reasons.
Source: MarketWatch - 🏆 3. / 97 Read more »
Lyft files for IPO: It touts its growth and reveals it lost $991 million last yearPotential investors in Lyft’s IPO got their first look at the company’s financials Friday, revealing a start-up that’s hustling to outrun its growing losses. A ride-hailing company is a taxi service. If Lyft or Uber are not registered as taxis, they should not be on the streets. Uber is getting closed down and kicked out of countries because they refuse to be registered as a taxi & refuse to follow transport laws. How is this -- ''redesign our cities around people, not cars' by drawing riders into its ride-hailing vehicles' -- not a contradiction, lyft/logangreen/johnzimmer
Source: latimes - 🏆 11. / 82 Read more »
Lyft files for IPO, beating Uber to the punchLyft just passed Uber in the race to go public, filing paperwork Friday to raise as much as $100 million in its IPO How much?
Source: CNN - 🏆 4. / 95 Read more »
Lyft IPO promises roads to everywhereThe firm is growing fast in a huge market, and there’s a glimmer of a path to profit. But Lyft is also hemorrhaging cash, faces frightful competition and is dependent on robo-cars arriving soon. Wall Street is along for the ride, but public investors will need strong stomachs.
Source: Breakingviews - 🏆 470. / 51 Read more »
Lyft outlines IPO plans that may pay big for some of its driversAs long as their service is banned in Canada...so taxpayers don't have to pay the 'taxi permit buybacks'. Weeks later the Post corrects the Covington kids fake news. I hope they are continuing the lawsuit against your tabloid paper. Hope it ruins you.
Source: washingtonpost - 🏆 95. / 72 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 »
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 files for IPO, pulling ahead in its race with UberLyft filed for a U.S. initial public offering Friday, giving investors a first look at crucial financial information about the ride-hailing company. Leg up? My thoughts about that
Source: latimes - 🏆 11. / 82 Read more »
Lyft IPO filing shows surging revenue, widening lossesLyft Inc inched closer to becoming the first ride-hailing company to make a stoc...
Source: Reuters - 🏆 2. / 97 Read more »