Lyft says it will be profitable a year ahead of schedule, stock surges - Business Insider

The news sent Lyft shares surging as much as 11%, their biggest intraday increase since the stock's first day of public trading in late March. Uber's stock also got a boost, climbing almost 8% at its intraday peak.

"We've never laid out our path to profitability and we know that's a question on a lot of investors minds," CEO Logan Green said in a live interview at the conference. "We are going to be profitable on an adjusted EBITDA basis a year before investors expect us to."

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Facebook deletes fake accounts from Iran, Russia ahead of US election - Business InsiderFacebook CEO Mark Zuckerberg said the social media platform is prepared to fight interference in the 2020 election, but the task is never-ending. ooooh -'dozens' - look out!
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »

Investing advice, book recommendation for tech stocks from top manager - Business InsiderAn investor who got in early on a small tech stock that's earned 110% this year shares the book that helps him spot explosive companies — and explains how it's changed his worldview
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »

13 high-dividend-growth stocks trading at low valuations: Goldman - Business InsiderWall Street has fallen in love with stocks that pay big dividends, and Goldman says they're still the cheapest in a decade. Here are the 13 the firm recommends most. EINSTEIN seems so happy here
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »

Peloton stock analysts initiate coverage, are overwhelmingly bullish - Business InsiderPeloton just got a slew of 'buy' ratings from analysts who think the bike company is poised for major growth and could turn profit within five years.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »