Lyft's stock rallies on strong forecasts. Here's where the company is ‘doubling down.

Ride-hailing platform Lyft Inc. on Tuesday said that it expected two key demand metrics to come in above Wall Street’s expectations for the year ahead, and that it expected to turn out positive free cash flow for the first time over that period. The company made those forecasts after carrying out big staff cuts over the past two years, but also as more people used Lyft LYFT, -2.18% more often during last year’s holiday quarter as travel picked up and workers sought out the service for their commutes. But th ...