An Interest In:
Web News this Week
- March 28, 2024
- March 27, 2024
- March 26, 2024
- March 25, 2024
- March 24, 2024
- March 23, 2024
- March 22, 2024
November 18, 2015 11:29 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/tUDDvI7O5e8/
Lyft Burning Cash On The Way To $500 Million Round
Lyft is raising a half a billion dollar round, but its financials look wobbly. According to Bloomberg, the ridesharing startup took a net loss of $127 million in the first half of this year, off less than $47 million in revenue. It’s not clear if these numbers are GAAP or non-GAAP, but let’s presume those are cash numbers and do not take into account non-cash expenses. So on a… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/tUDDvI7O5e8/
Share this article:
Tweet
View Full Article
Techcrunch
TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.More About this Source Visit Techcrunch