Lyft's Turnaround Has Begun

By Travis Hoium – Aug 24, 2023 at 9:30AM

NASDAQ: LYFT

Lyft

Market Cap

$7B

Today's Change

(1.87%) $0.30

Current Price

$16.37

Price as of April 26, 2024, 4:00 p.m. ET

Lyft's losses are shrinking, and that should be good for the stock in the long term.

Lyft (LYFT 1.87%) has begun turning around its financials as the market commands profitability. In this video, Travis Hoium covers the progress and why there are still challenges for the company.

*Stock prices used were end-of-day prices of Aug. 16, 2023. The video was published on Aug. 22, 2023.

Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Uber Technologies. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.