Lyft and Uber have finally become profitable. For every ride hailed on Lyft, the company now earns 2.4% before interest, taxes, depreciation and amortization, whereas it lost money on bookings each year before 2023. Lyft has grown while generating an increasing amount of cash. Last year that number was $766 million.
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"Investors Should Buy the Dip, Ride the Lyft" - The Information
Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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