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Shorts line up for a Lyft ride despite surge pricing
12:45pm, 3rd April, 2019

Shorts line up for a Lyft ride despite surge pricing

Lyft Inc shares had seen strong demand among short sellers on Tuesday even as borrowing fees surpassed that of other U.S. equities as investors rushed to bet against the loss-making ride hailing service, which has warned it may never be profitable.
Lyft valued at $24.3 billion in first ride-hailing IPO
6:33pm, 28th March, 2019

Lyft valued at $24.3 billion in first ride-hailing IPO

Lyft Inc was valued at $24.3 billion in the first initial public offering (IPO) of a ride-hailing startup on Thursday, raising more than it had set off to do as investors overlooked uncertainty over its path to becoming a profitable company.