This Growth Stock Is Down 83%, but Billionaire Investors Are Scooping It Up. Is It a Buy?

This ride-sharing specialist could be poised for a turnaround. Lyft (LYFT 1.83%), the No. 2 ride-sharing operator behind Uber Technologies, has burned nearly every investor who has bought the stock. As you can see from the chart below, the stock is down sharply from its 2019 initial public offering (IPO). Lyft stock has fallen in three separate episodes. First, the stock crashed after a successful IPO as investors believed the money-losing company was overvalued in 2019. The following year, it fell along wi ...