Lyft Earnings: Weakening Network Effects and Light Guidance Result in Punishment; Fair Value Down 6%
Given the nature of marketplace networks, we are worried that Lyft’s weakening network effects could be a sign of a negative feedback loop where lower demand, lowers the incentive to supply ...
Record bookings and a double-digit gain in active riders drove Lyft (NASDAQ:LYFT) to a profit in the fourth quarter, surpassing Wall Street’s expectations, although shares have come under heavy ...
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