Lyft shares hit record low, piling pressure on Uber ahead of IPO

Lyft shares hit record low, piling pressure on Uber ahead of IPO

5 years ago
Anonymous $9jpehmcKty

https://www.reuters.com/article/us-lyft-stocks/lyft-shares-hit-record-low-piling-pressure-on-uber-ahead-of-ipo-idUSKCN1SE2LW

Lyft Inc's stock slumped nearly 11% on Wednesday to a record low after the ride-hailing company posted a deep quarterly loss, putting pressure on Uber Technologies Inc as it prepares to price its initial public offering.

Lyft shares hit record low, piling pressure on Uber ahead of IPO

May 8, 2019, 9:15pm UTC
https://www.reuters.com/article/us-lyft-stocks/lyft-shares-hit-record-low-piling-pressure-on-uber-ahead-of-ipo-idUSKCN1SE2LW >Lyft Inc's stock slumped nearly 11% on Wednesday to a record low after the ride-hailing company posted a deep quarterly loss, putting pressure on Uber Technologies Inc as it prepares to price its initial public offering.