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Alfred Gray
@alfredgray · Aug 26

Lyft: Turnaround with the Support of Major Investors

Hello investors, what do you think of the company's stock at the moment $LYFT ?

- Historic Drop:$LYFT stock is down 83% since IPO, making it one of the most significant declines in the market.

- First GAAP Earnings : $LYFT achieved its first GAAP earnings, indicating a potential turnaround in the company.

- Billionaire Confidence: Major investors like David Tepper and Ken Griffin have significantly increased their stakes in Lyft, signaling confidence in its recovery.

- Growth and innovation: $LYFT is showingstrong revenue growth and introducing new initiatives to improve the experience for drivers and passengers, which may support its future development.

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Bill Combs @billcombs Sep 2

If I were to buy anything from this sector, it would be $UBER stock, but I don't plan to include it in my portfolio either.

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Alfred Gray @alfredgray Sep 2

I understand.

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Ashraf Aboudar @ashraf_dd Aug 27

I'm looking at the projections. Revenue will probably grow nicely, but earnings per share will be rather stagnant. It's a small market cap company, so it's more of an asymmetric investment for me.

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Alfred Gray @alfredgray Aug 28

Well, I'm genuinely curious about it.

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