Lyft (LYFT) is bolstered by upbeat demand that is boosting its top line. The company’s proactive efforts to enhance financial security for rideshare drivers are encouraging. However, high operating expenses do not bode well for LYFT.Factors Favoring LYFTLYFT is bolstered by robust demand, achieving a 16% year-over-year increase in gross bookings in the third quarter of 2024, driving strong revenue growth. The platform supported 217 million rides and 24.4 million active riders, with total rides rising by 16% ...