Lyft reported disappointing quarterly financial results.
Lyft (LYFT -3.43%) is cutting costs and making moves to improve profitability as it trails behind bigger rival Uber. Fool.com contributor and finance professor Parkev Tatevosian discusses why Lyft's stock price crash is not a buying opportunity.
*Stock prices used were the afternoon prices of May 5, 2023. The video was published on May 7, 2023.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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