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Why Lyft Is Losing Money
Posted
March 29, 2019
Views
793,962
Likes
7,510
Comments
1,067
Engagement
1.08%
March 29, 2019
793,962
7,510
1,067
1.08%
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Lyft went public on Friday at a valuation above $20 billion, but last year it had a net loss of $911 million. During the roadshow leading up to its IPO, Lyft promised investors it would eventually make 20% EBITDA margins, but it was vague about the timeline and strategy for how it would get there.
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Lyft Is Losing Money
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