Lyft Stock Sheds $2 Billion After Massive Earnings Miss | OilPrice.com

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Lyft Stock Sheds $2 Billion After Massive Earnings Miss | OilPrice.com
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Shares in the ride-hailing company dropped more than 30 percent this week after it reported lower than expected first quarter profit forecasts of $975m.

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I find it amusing that an accounting change somehow made this a bad stock. If not for that change everyone would be bidding the stock up.

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