https://techcrunch.com/2022/05/05/the-costs-of-driver-incentives-are-weighing-on-lyft-uber/

Lyft’s shares lost nearly a third of their value yesterday after the ride-hailing company reported its Q1 2022 results, despite the company beating market expectations for revenue.

If you delve a little deeper, it seems the market was instead focused about something else entirely: Slightly soft guidance on revenue growth in Q2 2022 when compared to analyst expectations, as well as the cost of driver incentives — supply stimulants that impact the company’s economic profile.