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Mobility

Lyft reduces net losses in Q4 as revenue surges

Lyft car on city street
LC
By:
LIZETTE CHAPMAN
B
By:
Bloomberg
|
February 12, 2020 02:24 PM

SAN FRANCISCO -- Lyft Inc. quarterly results and guidance for 2020 disappointed investors who punished the ride-hailing company for not promising profits sooner. The shares dropped more than 5 percent in extended trading.

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