UBER - After Earnings and Burning Cash Is Lyft in Trouble?
Rideshare company Lyft (NASDAQ: LYFT) just reported its biggest revenue quarter ever, and management said they "feel very well positioned for the road ahead." However, the company's balance sheet continues to deteriorate, and unlike competitors like Uber (NYSE: UBER) with its food delivery business, Lyft remains a pure play on ride sharing. Is the company in trouble? In this video, Motley Fool contributors Jason Hall and Travis Hoium take a closer look.
*Stock prices used were the after-hours prices of Nov. 8, 2022. The video was published on Nov. 14, 2022.
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After Earnings and Burning Cash, Is Lyft in Trouble?