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Lyft Stock Continues To Sink

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Lyft shares fell nearly 11% to a record low on Wednesday. The stock fell after the company reported quarterly results for the first time as a public company. Lyft did not break out gross bookings data in its report. That disappointed analysts looking for further detail on its growth. Uber, Lyft's biggest rival, is expected to price its initial public offering on Thursday and begin trading on Friday.

Added on the 09/05/2019 07:11:28 - Copyright : Wochit

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