• Lyft's business is slowly recovering, but sales are still half of what they were last year

    23 days ago - By Business Insider

    Gene J. Puskar/AP
    Lyft on Tuesday released the financial results of its third quarter.
    During the three-month period, Lyft lost $459.5 million on revenues of $499.7 million.
    The total number of active riders dropped 44% year over year, but was up 44% compared with the second quarter.
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    Lyft is still feeling the pandemic's severe impact on the ride-hailing industry, but its third-quarter results show signs of a recovery from the previous three months when passengers stayed locked down. The San Francisco-based ride-hailing company brought in...
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