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Lyft Says Lower Prices To Hit Profit, Shares Drop 30%

Lyft Inc on Thursday forecast current-quarter profit far below Wall Street targets as the ride-hailing service lowered prices, triggering a 30% drop in shares on concerns it was falling behind bigger

The Fiji TimesLyft says lower prices to hit profit, shares drop 30%

The Fiji TimesLyft says lower prices to hit profit, shares drop 30%
fijitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fijitimes.com Daily Mail and Mail on Sunday newspapers.

Lyft forecasts revenue below estimates, blames cold weather, lower prices

Lyft forecasts revenue below estimates, blames cold weather, lower prices
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Lyft forecasts operating profit above estimates, follows bigger rival Uber

(Reuters) - Ride-hailing company Lyft Inc on Monday projected current-quarter operating profit above Wall Street estimates, helped by cost-cutting mea.

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