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Lyft Lays Off About 60 Employees, Folds Its Car Rentals for Riders

• gnicholas 4y ago
  > Lyft’s stock has fallen more than 70% in the past 12 months compared with the less than 20% decline in the Nasdaq Composite Index. In May, rival Uber Technologies Inc. said it would slow hiring. Its stock has halved over the same period. I would have expected their stock to have not performed so badly coming out of COVID. Is this based on gas prices or the fact that people are commuting/traveling less?
  • Theresahole 4y ago
    After COVID, who wants to ride in some stranger's car?