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Lyft stock up 17% on cost cuts after wild ride on company's forecast error

:Lyft beat estimates for quarterly profit on Tuesday and said it would generate positive free cash flow for the first time in 2024, as it cut costs and became more competitive with larger rideshare rival Uber.Shares were up 17 per cent in late afterhours trade, despite a major gaffe: Lyft's said incorrectly
Jesse Cohen David Risher Erin Brewer Cambiar Ballantyne Adam Ballantyne Jake Walker

Cost cuts to help Lyft turn cash flow positive in 2024; shares surge

:Lyft beat estimates for quarterly profit on Tuesday and said it would generate positive free cash flow for the first time in 2024, as it cut costs and became more competitive with larger rideshare rival Uber.Shares were up 17 per cent in late afterhours trade, despite a major gaffe: Lyft's said incorrectly
Erin Brewer Adam Ballantyne Jesse Cohen David Risher Taylor Swift Eras Tour

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