Lyft Stock Plummets as Slowing Ride Growth Raises Doubts Over Long-Term Targets
Lyft shares fell sharply in premarket trading after the company reported softer-than-expected ride growth and forecast a weaker adjusted core profit for the first quarter, citing harsh U.S. winter weather and seasonal costs. Despite margin improvements, international expansion and a $1 billion buyback, Lyft posted an unexpected operating loss for 2…