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May 7, 2019 08:21 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/BShAGITpKQM/
Lyft lost $1.14B in Q1 2019 on $776M in revenue
In its first-ever earnings report as a public company, Lyft (NASDAQ: LYFT) failed to display progress toward profitability. The ride-hailing business, which raised $2 billion in a March initial public offering, posted first-quarter revenues of $776 million on losses of $1.14 billion, including $894 million of stock-based compensation and related payroll tax expenses. The company’s […]Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/BShAGITpKQM/
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