Why has Lyft stock reached the new low?
Are investors selling Lyft and going to buy Uber instead?
Did you actually think it'd make money? Look at their TAM and business plan.... I don't see why it was valued that highly in the first place. On top of that, there are these things called Earnings that have an effect on stock prices... Maybe Lyft just released their Q1s? Maybe?
What do you think the stock price should be? What’s the market value in your mind?
Cuz it ipo’d way too high and is losing massive amounts of money
Because they released earnings today where profits declined even further
“profits”
Because the ride-sharing business doesn't do squat for anyone for the long term. They are riding on investor funded losses, disrupting where it's just destructive.
Yea, its all big conspiracy of investors who just want to burn their cash and idiots on the board who like to watch that cash burning. And you are the prophet of truth.
Yes. You got anything? Drivers logged off today in protest. Stocks are headed down. What problem have they solved for transportation?
Why you thinking it'll go up?