Why Is Everyone Talking About Lyft?
Lyft's turnaround story is gaining momentum. Lyft (LYFT 0.38%) has spent much of its public life as the smaller player in ride-hailing -- overshadowed by Uber, questioned about its path to profitability, and often dismissed by investors seeking a safer bet. Fast-forward to 2025, and the narrative is shifting. Lyft just delivered one of its strongest quarters ever, with record bookings, positive generally accepted accounting principles (GAAP) earnings, and almost a billion dollars in trailing free cash flow. ...