Dead-LYFT
Ride hailing company Lyft (LYFT) is currently down 25% in the after hours from 52-week lows after reporting 1Q22 earnings.
The quarter itself looked fine to me but it seems like 2Q22 guidance of adjusted EBITDA of only $10-$20 million is causing investors to dump the stock.
(LYFT had a market cap greater than $10 billion at the close). Neither Uber (UBER) or LYFT have been able to achieve much profitability and now is not the time for speculative growth stocks. Do you dead-LYFT on leg day or back day?
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