LYFT stock is not shaping up how investors may have hoped. Since listing on the NASDAQ in March, the now publicly-traded company has failed to keep skyward; Lyft (NASDAQ:LYFT) has lost more than 25% in its first month of trading.
Now, the company is experiencing another stock plunge. Lyft announced disappointing Q1 results last night and shares have tumbled a further 7.5% as a result.
Currently, LYFT stock is valued at $55 USD. Considering its IPO price was $72, shares have fallen significantly in a relatively short space of time.
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