Written by
(AP) — Shares of Lyft are tumbling in its first full day of trading as a public company.
Shares fell 10 percent Monday, hitting levels below its initial offering price of $72 on Friday. Shares had reached $88.60, up 21 percent, before giving ground by the end of the day.
The ride-hailing company has consistently lost money, raising doubts about its overall valuation. Even so, some investors were wowed by the company’s growth in the past two years.
Related Posts
-
Aging elephants moved from Los Angeles to Tulsa Zoo, but advocates say they should be at a sanctuary Posted: May 21, 2025 at 2:35 pmBilly and Tina, the last remaining elephants at the Los
Read more » -
What to know about the US Senate’s effort to block vehicle-emission rules in California Posted: at 2:34 pm
Congress may stop California from implementing its first-in-the nation rule
Read more » -
Potential US semiconductor manufacturing boom complicated by Trump’s economic policies Posted: at 2:34 pm
Before “America First” became the Trump administration’s mandate for foreign
Read more » -
Google’s unleashes ‘A.I. Mode’ in the next phase of its journey to change search Posted: May 20, 2025 at 2:04 pm
Google on Tuesday unleashed another wave of artificial intelligence technology
Read more »
Central Valley Biz Blogs
-
BLOG: Bill advances that would undermine PAGA reform
Posted: April 25, 2025 at 1:59 pm
Reform of the Private Attorneys General Act (PAGA) was one
Read more » -
BLOG: Should breaking news alter your investment strategy?
Posted: April 22, 2025 at 2:03 pm
More than ever before, investors are inundated with news alerts
Read more »
