Lyft Stock Price is at $46.28 on December 19, 2019. Lyft (NASDAQ:LYFT) stock sinks somewhat lower. Monday night’s close was at $47.39. Many analysts believe that LYFT has a better path to profitability than UBER. Lyft is now at about 35% below its $72 IPO price. The stock bottomed out at $37 in mid-October. It has recovered quite a bit since then.
Lyft, the ride sharing company, continues to grow. However, it is losing a lot of money. Its rival is Uber (NYSE:UBER). It is hard for these companies to raise prices, because they are competing against each other. Lyft certainly has grown revenue. However, it continues to lose money. There are not many signs for future profitability. Investors are hopeful that Lyft can become profitable in the future.
Here's something funny. Lyft algorithm is trying to block people with names like: Dick, Finger, Cock and Cummings. The ride-hail company is making an effort to tell these users to change their names. They risk getting booted from the service. This is creating frustration with people that really have last names like: Cocks. Good luck to those people.
In other news, E-bikes came back to the streets of San Francisco. They are part of a bikeshare system owned by Lyft. Some weeks later, all electric bikes were pulled from the system because some batteries caught fire. No one was hurt.
Above: Lyft’s Shuttle service. Lyft has officially launched in June the beta version of Shuttle: a carpool service that will travel along a certain route and make stops along the route.
Above: Lyft Prime Time Heat Map with Power Zones in Toronto.