When Lyft filed for an initial public offering in March, its 2018 annual loss—$911 million—no doubt made some prospective investors queasy. Now, its losses have grown. In the ride-hail company’s first quarterly earnings report, it said it lost $1.13 billion in the first quarter of 2019, a 386 percent jump over the same quarter last …
Continue reading “Lyft’s Loss Grows, but Execs Say the Bleeding Will Stop Soon”