Laura Buckman/Reuters Lyft, the ride-hailing app that went public last month, lost $911 million last year. One analyst who initiated coverage of the stock this week said the company could eventually turn a profit, but that it could take seven years. The question of profitability, along with stiff ride-hailing competition, lies at the heart of […]
Lyft might eventually make money — but it could take 7 years to get there, analyst says (LYFT)
Laura Buckman/Reuters Lyft, the ride-hailing app that went public last month, lost $911 million last year. One analyst who initiated coverage of the stock this week said the company could eventually turn a profit, but that it could take seven years. The question of profitability, along with stiff ride-hailing competition, lies at the heart of […]