Saturday, March 30, 2019

As Lyft goes public, profitability is a long-term goal, not a near-term likelihood

Lyft went public on Friday at a valuation above $20 billion, but last year it had a net loss of $911 million. Leading up to its IPO, Lyft promised investors 20% EBITDA margins, but it was vague about a timeline or strategy for how it would get there.

from Tech https://ift.tt/2I3Wq5P

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Disneyland's reopening troubles explained: Here's when the theme parks can reopen - CNET

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