Why Lyft is headed for its own recession – Crypto News – Crypto News
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Lyft’s stock is now fetching around nine times enterprise value to forward earnings before interest, taxes, depreciation and amortization (Photo: Reuters) Lyft’s stock is now fetching around nine times enterprise value to forward earnings before interest, taxes, depreciation and amortization (Photo: Reuters)

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Why Lyft is headed for its own recession – Crypto News

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After losing around three-quarters of its market value last year, Lyft’s shares are up almost 47% this month. A close look at the ride-hailer’s fundamentals suggest that kind of rebound hasn’t been earned yet.

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