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Lyft shares skid on fears Uber pulling ahead

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Lyft shares skid on fears Uber pulling ahead


lost more than a third of its market value on Friday after a bleak forecast fueled worries that the company's price cuts to avoid being a distant second to Uber (UBER.N) in the North American ride-sharing market would squeeze profits. Analysts said any pickup in ride volumes at Lyft would not be…

#northamerican #uber #usfocusedlyft #nikhildevnani #bernstein #canaccordgenuity #westcoast #adityasoni #bengaluru #shounakdasgupta

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