By CCN: Lyft’s first earnings report was downright ugly, and not just because the company lost $1 billion in a single quarter. Investors expected a less-than-stellar balance sheet, but it was the backhanded slap in the face a company executive delivered to investors that leaves questions about the rideshare darling’s transparency. Hey Investors, Lyft Knows What’s Best for You! When asked about why gross booking trends weren’t included in the earnings press release, Lyft CEO Logan Green said: “So, our historical business was virtually entirely a ride-sharing marketplace” “We’re now aggressively investing in new areas including those where revenue equals
The post Lyft Conceals Key Data to ‘Avoid Investor Confusion’ as Stock Withers appeared first on CCN
source https://www.ccn.com/lyft-conceals-key-data-to-avoid-investor-confusion-as-stock-withers
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