Lyft Crashes 16% After Accounting Magic Masks Weak Growth

Lyft Crashes 16% After Accounting Magic Masks Weak Growth - Moby BREAKING NEWS Lyft is getting smoked. The ride-share company posted a weak quarter and the stock is down 16.5% as of mid-day Wednesday. What makes the selloff interesting is that, on the surface, the numbers didn’t look bad. Gross bookings hit $5.1 billion, up from $4.3 billion in Q4 2024, a 19% year-over-year jump. Revenue came in at $1.59 billion versus $1.55 billion a year ago. Active riders climbed to 51.3 million from 43.5 million, a ...